Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for South Dakota incorporation.
The name must contain either the word or abbreviation of "Corporation," "Company," "Incorporated" or "Limited." It may not be the same as or descriptively similar to the name of any domestic or qualified foreign corporation, reserved or registered name, or any limited partnership unless consent is obtained. The name must not imply it is organized for any purpose other than that stated in the Articles of Incorporation.
The following are South Dakota’s requirements for directors of corporations:
The document required to form a corporation in South Dakota is called the Articles of Incorporation. The information required in the formation document varies by state. South Dakota's requirements include:
South Dakota allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for South Dakota corporations.
South Dakota corporations must keep the following items with their corporate records at the principal place of business:
The following are taxation requirements and ongoing fees for South Dakota corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
South Dakota recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.