South Dakota LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in South Dakota is easy, fast, and affordable.
| South Dakota LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| South Dakota Filing Fee | $150 |
| Total | $249 |
Naming the LLC
The name of the limited liability company must contain Limited Liability Company, Limited Company or the abbreviation L.L.C., LLC, L.C. or LC. Limited may be abbreviated as Ltd. and company may be abbreviated as Co.
Required Information
You will need to provide the name and address of your LLC, the business purpose, the Registered Agent's name and physical address, and the name(s) and address(es) of the organizer(s) (the person/people forming the LLC).
Steps to Forming a South Dakota LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the South Dakota Secretary of State within one business day.
Processing time can vary, but South Dakota filings typically take 1-2 business days. When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in South Dakota.
South Dakota LLC Advantages
- South Dakota LLCs are usually approved in 1-2 business days.
Maintaining a South Dakota LLC
It's not hard at all. Each South Dakota LLC is required to file an annual report. The annual report is due each year, during the anniversary month of the LLC. The fee is $50. The report and the fee can be completed and paid easiy online.
Making Changes to Your LLC
Making changes to your LLC in South Dakota is pretty inexpensive compared to other states. Most changes you need to amend your LLC and/or change your Registered Agent can be done online, most for $50.00 or less.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in South Dakota very easy.