South Dakota LLCHow to Start & Form a Limited Liability Co in SD

Written By:
Adiste Mae

Starting and forming a limited liability company (LLC) in South Dakota can be boiled down to 5 rather simple and straightforward steps.

From naming your limited liability company to choosing a registered agent, filing articles of organization, creating an operating agreement and obtaining an EIN, we have got you covered.

Starting a Limited Liability Company in South Dakota is Easy

Starting a limited liability company in South Dakota is relatively uncomplicated as it starts with filing certain documents known as Articles of Organization with the Secretary of State of South Dakota.

Fees will vary along the way of formation depending on whether you choose to do it yourself or hire professionals to do it for you; however, filing Articles of Organization will cost $150 to start.

Applications for filing can be done through the mail or through the presiding agency’s online website.

Articles of Organization are the documents that will legally establish the presence of your limited liability company in South Dakota.

Below is a brief guide on the steps you will need to take to successfully form your LLC business entity in South Dakota.

Step 1: Naming your South Dakota Limited Liability Company

Arguably the most important step to take even before you file your Articles of Organization is choosing your company name in order to successfully form a limited liability company in South Dakota.

A good rule of thumb to follow when choosing a company name is to make sure that it is easily searchable by your target market and your clients while also being compliant with South Dakota requirements, rules, and regulations.

Pointers to follow when naming your limited liability company in South Dakota are as follows:

1.  Making it known that the business is a limited liability company by including the exact words of “limited liability company” in its name or using one of the two variations of its abbreviations which are LLC or L.L.C.
2.  Making sure that the name does not include any key words that may have people confuse your limited liability company for a government agency such as the State Department, the Treasury or the FBI among others.
3.  Taking note that there are words that may be considered as restricted such as University, Attorney or Bank which may not only require separate and additional documentation but also, the presence of a licensed professional such as a lawyer or a doctor might be needed in the limited liability company.

A comprehensive list of the regulations that need to be followed when naming a company in South Dakota can be found under its Legislature guidelines.

2. Is the business name available in the state of South Dakota? A simple limited liability company name search through South Dakota’s state website will help determine if the name you have come up with for your company is available and not already in use by other businesses that have registered before you.
3. Is the business URL available to use on the internet? A quick online search will help you determine if your business name is available to use as a web domain. It is important to have a URL for your website since, even if you do not plan on building a business website right now, securing your own business’ URL will prevent others from using it for their own gain and will prevent confusion on the part of your clients or potential customers.

   Find a domain starting at $0.88

   powered by Namecheap

Questions you may have on naming a limited liability company in South Dakota

Below are some questions you may have on naming your limited liability company in South Dakota that have been answered briefly for you.

What is an LLC?

LLC is an acronym for a business entity known as a limited liability company.

Limited liability companies are relatively simple business structures that are more flexible and require less maintenance or compliances than the conventional corporation all the while offering a number of similar benefits like personal liability protection.

Limited liability companies also have less taxes to pay as they do not get charged tax on a corporate level.

Do I need to have a Trade name or DBA for my business?

A DBA also known as doing business as and is basically an assumed business name that is not its legal name. It is not necessary for most limited liability companies to have a DBA.

The business name of the limited liability company can already function as the company’s brand name with which checks and other forms of payments can be accepted.

Those who would want to conduct business under another name can opt to register a DBA which will have different regulations depending on the state so it is best to check in with your presiding state.

Step 2: Choosing a registered agent in the state of South Dakota

It is mandatory to have a designated registered agent for your limited liability company in South Dakota.

In fact, it is part of the information that you will need to supply when filing for your limited liability company’s registration.

For those that are wondering what a registered agent is, you can think of it as a point of contact between your business and its presiding state.

A registered agent can be a business entity or an individual that has the responsibility of receiving vital paperwork on your business’ behalf such as official government correspondences, notice of lawsuits, legal documents and crucial tax forms.

For those who are wondering who can be a registered agent, any individual or business entity that is authorized to conduct their business in the state of South Dakota while simultaneously being a resident or corporation of South Dakota can be a registered agent.

You as a business owner can decide on electing an individual registered agent directly from your company with yourself included among the choices.

While you can serve as your own registered agent, there are several reasons why we would advice you not to – learn more about why you should not be your own registered agent here.

We always recommend hiring a registered agent service to handle this part for you.

Most of them offer this service for free when forming your LLC – learn more here!

Questions you may have on nominating a registered agent in South Dakota

Below are some questions you may have on nominating a registered agent in the state of South Dakota that have been briefly answered for you.

Am I allowed to be my own registered agent?

Yes. Individuals including yourself or other members of your company can function as the registered agent of your own LLC though there are certain extra roles and responsibilities you will have to take on if you opt to be your own registered agent.

Is paying for a registered agent service worth the money?

Professional registered agent services take on the role of managing government filings for your business while doing this all at a price that is affordable and reasonable depending on which registered agent service suits your needs.

Most business owners will find that the advantages professional registered agents give are worth more than the cost of availing of these services.

Here is our Guide to finding the best and most affordable registered agent service.

Step 3: File the limited liability company’s Articles of Organization in the state of South Dakota

The state will not recognize your limited liability company without the filing of its Articles of Organization.

In order for you to register your limited liability company in South Dakota, your business’ Articles of Organization need to be filed with the Secretary of State of South Dakota.

Filing of Articles of Organization in South Dakota can be done through mail or by applying your filing online.

When filing your articles of organization, it is important to determine whether it will be member managed or manager managed as this is one of the information you will need to supply in the filing of the documents that will create your company.

For those that are seeking to expand their already existing limited liability companies to the state of South Dakota, a foreign LLC will need to be formed.

Questions you may have on filing your limited liability company’s documents in South Dakota

Below are some questions you may have on filing your limited liability company’s documents in the State of South Dakota that have been briefly answered for you.

How long will the processing time be to form my limited liability company in South Dakota?

Directly after payment of filing has been received by the state online, the processing of the limited liability company in South Dakota will instantly begin.

On the other hand, payments that are made through the mail will have a processing time of 1 to 2 business days.

What are the differences between a foreign LLC and a domestic LLC?

When referring to a limited liability company, people often mean a domestic LLC.

A domestic limited liability company is formed in the same state it conducts its business in.

Automatically, when forming a limited liability company, it is considered as a domestic LLC since you are forming an LLC in the state that you will operate your business in.

A foreign limited liability company on the other hand does not operate overseas but rather, it operates in a state that is outside the state where you first formed your business.

When a limited liability company wants to expand its operations and business outside of its presiding state, a foreign LLC has to be formed; though a foreign LLC cannot be formed if a domestic LLC was never formed in the first place.

How much do I have to pay to form and start a limited liability company in South Dakota?

Paying online to start a limited liability company in South Dakota will cost $150. On the other hand, paying by mail to start a limited liability company in South Dakota will cost $165.

Step 4: Draft the Operating Agreement of your South Dakota limited liability company

An operating agreement is not a legal nor mandatory requirement in the formation of a limited liability company in the state of South Dakota.

With that said, owners who aim to run their limited liability company will greatly benefit from the existence of an operating agreement.

For those that are wondering what an operating agreement is, it is basically a document that outlines the limited liability company’s operating procedures and ownership.

So what that said, why are operating agreements important?

It is through comprehensive operating agreements that business owners operate on the same page to reduce conflicts, disagreements and arguments that will negatively impact the business as a whole.

Operating agreements also serve as proof to what owners have agreed to so any deviations from that can be properly settled.

Company practices and how members connect or interact with one other are also specified in operating agreements.

Questions you may have on creating the operating agreement of your South Dakota LLC

Below are some questions you may have on creating an operating agreement for your limited liability company in the state of South Dakota that have been briefly answered for you.

Is it required for me to file the drafted operating agreement with the state?

No. Unlike articles of organization, operating agreements are considered as internal documents which means that they do not need to be filed with the state and instead, they are kept and implemented within the organization only.

However, even if operating agreements are not a mandatory set of documents to file or have within the state of South Dakota, many other states still legally mandate the existence of operating agreements when forming a limited liability company.

Step 5: Acquiring an EIN for your South Dakota limited liability company

The final step in getting your company up and running is acquiring an EIN.

For those wondering what an EIN is, it is an acronym that stands for Employer Identification Number.

An EIN will consist of a number that is composed of nine digits that have been designated by the Internal Revenue Service (IRS). An EIN is what the Internal Revenue Service uses to identify businesses in relation to their taxes.

An EIN functions similar to a Social Security number on a business scale.

There are times when an EIN is referred to as a Federal Tax Identification Number (FTIN) or a Federal Employer Identification Number (FEIN).

An EIN is needed as it is required when the business would like to hire employees, manage and file state and federal taxes or even to open a bank account for the business.

For those that already have an EIN when they operated as a sole proprietorship, the Internal Revenue Service still requires a new EIN from the sole proprietor when forming or converting into a limited liability company.

The EIN can be availed of for free from the IRS and can be easily processed through mail or it can be acquired online through the Internal Revenue Services’ EIN Assistant.

Questions you may have on getting an EIN for your South Dakota LLC

Below are some questions you may have on getting an EIN for your limited liability company in South Dakota that have been briefly answered for you.

If I don’t have a Social Security number, can I still get an EIN? How?

Whether or whether not your Social Security Number is present is not a problem. Social Security Numbers are not one of the requirements in availing of an EIN and because of this, you can still get an EIN even if you do not have a Social Security Number.

Getting an EIN is simple and starts with filling out an IRS Form SS-4 while making sure to leave section 7b blank.

After the form is filled, you will need to call the Internal Revenue Service at (247) 941 – 1099 to have your EIN application completed.

The process may differ if you are applying for an EIN as an international applicant so make sure to check in with your state and its presiding governing agency on information about that.

What tax structure should I choose to apply to my South Dakota limited liability company?

When availing of an Employer Identification Number, the different tax classification options that you can choose from will be made available.

In most cases, business owners of limited liability companies choose to have the default tax status.

There are instances when limited liability companies reduce their federal tax obligations by opting for the S Corporation (S Corp) tax status.

Is the EIN needed for my limited liability company? Can I go about not having one?

It is required by the Internal Revenue Service to have an EIN when an LLC has more than one member or has hired employees.

It is recommended to always get an Employer Identification Number.

Important steps after forming a limited liability company

After forming a limited liability company, there are still other steps that need to be taken to lessen complications that may be faced down the road when running the business.

Separating personal and business assets from each other

It is not advisable to have your personal and business assets mixed in with each other otherwise the liabilities the company will face will personally affect you.

If your limited liability company is sued, your personal assets like your cars, home, and other valuables will be at stake in the event that your personal assets are not separated from that of your business’.

Creditors will also be able to come after your personal income if this has not been separated from the income of your business when settling debt.

Failure to separate business and personal assets is referred to as piercing the corporate veil in business law.

Protecting your personal assets and limiting your personal liability when starting an LLC in South Dakota begins with the following steps:

1. Open a checking account for your business – opening your business’ own bank account will make tax filing and accounting easier on your part. Your Employee Identification Number will be needed in your bank application. Opening a checking account is a necessary step in protecting your personal assets by separating the contents of your own personal account from the contents of your company’s assets which should be placed in its own account for limited liability to work.
2. Acquire a credit card for your business – having a credit card for your business that is separate from your personal credit card is another step to take in establishing your limited liability. Through a dedicated business credit card, your personal and business expenses will be separated. It is through the acquiring of a credit line for the business that the company’s credit history can be built which will come in handy when attempting to obtain small business loans in the future that can help raise capital when needed.
3. Hire an accountant for your business – hiring an accountant for your business takes a set of often tedious tasks off of your plate so you can use the time you save for managing and growing your business instead. A business accountant will simplify your bookkeeping and payroll process. A business accountant will help you avoid overpaying taxes, incurring fines or penalties and overall help to prevent errors especially in relation to taxes which can be costly. A business accountant can determine areas of your business that have unforeseen losses which can be prevented or reduced as well as determining avenues of extra profit all while effectively managing the funds of your business.

Getting business insurance for your limited liability company

Getting insurance for your business helps protect it in the event of unforeseen risks happening that could end up costing you more than you have saved up, more than what your business has in hand or take such a huge chunk in costs that will set your business back.

Thus, getting business insurance is important in helping your business grow while allowing you to keep focusing on your business.

There are a few types of business insurance options out there though the most common ones are:

• General liability insurance – in most cases, small businesses opt for general liability insurance since it is a broad and comprehensive insurance policy that helps in protecting the business from unwarranted lawsuits.
• Professional liability insurance – this type of insurance has malpractice and other possible business errors coverage that professional service provides such as accountants and consultants among others opt for to help cover for possible claims of professional negligence and the like.
• Worker’s compensation insurance – this type of insurance covers for events that involve an employee’s death, injury or illness that occurs as a result of their job or while they are working. In the state of South Dakota, it is mandated by the law to have worker’s compensation insurance for the limited liability company the moment it has an employee and includes limited liability company members and corporate officers.

Creating a business website for your limited liability company

A business without a website will miss out on a huge chunk of potential customers and revenue that could have been generated had there been a dedicated business website in place to legitimize the business’ online presence.

With the surge of people taking their purchases online, all the more every business needs their own website.

Businesses that are still small or low profit and businesses that work in an industry that is considered offline will still benefit from having their own website even just to serve as a means to inform customers or potential clients that your business exists and offers what they want or need while giving them an avenue to allow them to contact you.

There is a prevailing misconception that having your own website would be too complicated or expensive since you will need to hire a team of experts to get a good site running however, even those with no website building experience or computer science or IT degree can build their own website thanks to how far web technology has rapidly advanced over the years.

Business websites can now be built without having to code for monthly subscriptions that can cater to different budgets.

For those that still need to know how a business website can be a huge advantage for your company, a few benefits have been listed below:

• Every legitimate business has a website – there is no other way to say it but that. Whether you are only selling from your own home or you already have a warehouse for your products, having an online presence of your business is crucial in building its credibility and attracting more prospects who do their purchasing research online.
• Social media is not enough – owning a social media account from Facebook to even a LinkedIn business profile are not an effective replacement for actually owning a business website that you not only control but also have actual ownership of. Having a business website not only looks more professional but, in the day, and age where anyone can make any social media page, it helps add a level of security and credibility.
• Drag and drop website builders are now available from Wix, GoDaddy Website Builder, and Squarespace among others so creating a clean and presentable website can be done in minutes through built in templates without the need to hire a designated web developer.

Creating your own business website can be done using a laptop or computer you already have.

From paying to have your own web domain and setting your store the way you like it, a few hours will only need to be spent to have a functional business website running.

Sending out press releases for your company

Getting your business’ name and offer out there can be done several ways and one of the best ways to promote your business is through press releases which not only work but are also fairly cost effective when it comes to marketing or PR strategies.

Press releases have long term effects that can serve as the building blocks of your business’ reputation.

Press releases only tend to demand a deposit of money or effort once in order to get done.

Driving traffic to your business website and enhancing your search engine optimization (SEO) to help you have a higher chance of getting more customers is what press releases can help with while providing the publicity your business will need.

Keeping your limited liability company compliant

Forming your business and taking the necessary steps after having it formed will help your limited liability company go a long way.

Even when you have successfully done both those things, what will end up mattering the most to ensure that your business can keep running for the long term is keeping your limited liability company compliant which can be achieved by taking note and action of the following:

Business permits and licenses in the state of South Dakota

In order to run your limited liability company in the state of South Dakota, you will need to be compliant with its local government regulations as well as that of the federal and the state.

What this means for example is that restaurants that operate in South Dakota would need permits such as that of building, signage and health among others.

The specifics of what kind of business permits or licenses needed will differ from state to state so it would be in your best interest to read your presiding state’s requirements carefully to know what exactly you will need to prepare.

It may sometimes be required to take short classes as well.

When it comes to the cost of each business permit and license, this will differ depending on what kind of license you will need to acquire.

How to acquire the needed business permits and licenses in South Dakota will differ from federal to state and even local levels.

An available option is to use the help of professional services to do the processing of your business permits and licenses for you.

Likewise, processing your own business permits and licenses is possible.

For your federal requirements, you may use the U.S. Small Business Administration (SBA) guide.

For state requirements, you may use the South Dakota Department of Labor and Regulation website. Lastly, for local requirements you may reach out to your local county clerk to inquire about the process of having business permits and licenses.

It is advisable for first time business owners or entrepreneurs to consider availing of having a professional service do the research and processing of their business’ licensing requirements for them to ensure that they do not miss out on anything important.

Here is a Guide to business formation services that also process business and licensing requirements for you.

Limited liability company tax filing requirements in the state of South Dakota

Tax structures will differ depending on the nature of the business you operate.

There are times when it is necessary to register for more than one form of state tax.

Sales Tax

Selling a physical product will usually require the business owner to register for a seller’s permit.

Acquiring a seller’s permit can be done through the South Dakota Department of Revenue website.

What a seller’s permit does is allow the business to collect sales tax on any sales that are taxable.

Sales tax is also known as sales and use tax. Sales tax is levied by municipalities, counties and states on transactions of businesses that involve the exchange of specific taxable services or goods.

Employer Tax

Businesses that have employees in South Dakota have to register for unemployment insurance tax. Unemployment insurance taxes can be availed on the state of South Dakota’s website.

Federal limited liability company tax filing requirements

In most cases, limited liability companies are required to report the business’ income to the Internal Revenue Service every year and that can be done through the following forms:

•       Form 1065 Partnership Return – most limited liability companies that have multiple members would opt to use this form.
•       Form 1040 Schedule C – most limited liability companies that only have one member would opt to use this form.

Something to take note of is that the mode of which you pay yourself will affect how much gets charged on your federal taxes.

Filing limited liability company annual reports in the state of South Dakota

Every limited liability company in South Dakota is mandated to file annual reports with the Secretary of State.

Submission of annual reports can be done online.

Fees for annual report filing is $65 for paper filings while online filings will cost $50. Both fees for annual reports are nonrefundable once paid.

Limited liability companies that have just been formed will file their first annual report a year later with the due date being November 15 of every year.

Late annual report filings will cost a penalty of $50 in South Dakota.

Late filings can also result in having the limited liability company’s business registration revoked by the state of South Dakota after 60 days of failing to comply with timely annual report submissions.

Business IDs are what is needed when filing annual reports.

Avoiding automatic dissolutions

Missing several and sometimes only missing one filing will not only cause limited liability companies to pay fines, but also the state of South Dakota can impose automatic dissolution of the LLC.

When a limited liability company undergoes automatic dissolution, the owners or members of that LLC face the possibility of losing the limited personal liability protection the LLC granted them in the first place.

An effective way to avoid automatic dissolution is by availing of the services of a registered agent that has a track record that shows it is capable of delivering quality services.

A registered agent will notify you of any upcoming deadlines to file important documents and a registered agent will also submit reports on your behalf.

Hiring employees for your limited liability company

Hiring employees for your limited liability company in South Dakota will have certain requirements you have to meet in order to stay compliant.

Complying with the presiding law can be done by the following practices:

•       Have workplace compliance posters printed and displayed in areas that are visible in your work area
•       Have employee taxes withheld
•       Have workers’ compensation insurance provided for your employees
•       Have employees report to the state as “new hires”
•       Have new employees verified as being able to work in the United States

More information on how to stay compliant when hiring employees for your limited liability company can be found on the website of the South Dakota Department of Labor and Regulation.

Questions you may have on hiring employees for your limited liability company in South Dakota

Below are some questions you may have on hiring employees for your limited liability company in the state of South Dakota that have been briefly answered for you.

What is the minimum wage requirement in South Dakota?

$9.45 per hour is the minimum wage in the state of South Dakota.

How often am I required to pay my employees?

It is required to have your employee’s wages paid at least once every month on a regular basis in the state of South Dakota.

More information on limited liability companies in South Dakota

Now that we have covered forming a limited liability company in South Dakota, as well as important steps that need to be taken after an LLC formation and how to keep your limited liability company compliant in the state of South Dakota, here is more information you will need to know regarding LLCs in South Dakota.

Registering a foreign limited liability company in South Dakota

Registering as a foreign limited liability company permits your business entity to operate in multiple states.

Often, what ends up happening is that if a domestic limited liability company is not expanded into a foreign limited liability company, when you would like to bring your business into another state, you will have to register a whole new business instead of operating as one entity in multiple states.

This is why those who would like to branch out their businesses while retaining the identity of their initial limited liability company opt for forming a foreign LLC.

For those that already have an existing limited liability company but would like to operate in South Dakota, registering as a foreign limited liability company can be done online with the Secretary of State or through mail.

Obtaining a certificate of good standing for your company

There are several scenarios that would call for you to furnish your company’s certificate of good standing.

Some of those scenarios where you would need your company’s certificate of good standing include acquiring or renewing certain business permits or licenses, forming a foreign limited liability company in a state outside your home state and obtaining funding from lenders that include banks.

A certificate of good standing is a document that proves that your limited liability company in South Dakota is properly maintained and compliant.

A certificate of good standing also verifies that your limited liability company was formed legally.

Certificates of good standing in South Dakota can be ordered online.

The cost of ordering a certificate of good standing online is $20 and is nonrefundable when paid.

Dissolving a limited liability company in South Dakota

There may come a time when you no longer want to operate your limited liability company nor would you want to conduct business under it.

If that time comes, you will need to dissolve your limited liability company officially.

Just stopping operations would not be enough as this can result in legal problems in extreme cases with tax penalties and liabilities knocking on your door when the dissolving of a limited liability company is not done before you intend to end your operations.

Dissolving a limited liability company in South Dakota can be done in two general steps: the first being to close the tax accounts of your business and the second being to file your business’ Articles of Dissolution.

Resources for small businesses

You are now equipped with a better and broader understanding of forming, maintaining and dissolving a limited liability company in the state of South Dakota.

There are a few resources for small businesses that you can look into which may help you along the way.

Women in Business Tools and Resources

Businesses owned by women have resources that cater specifically to them when it comes to funding through investors, grants or loans; events when it comes to meetups or conferences; support when it comes to business strategies, communities, and advice; and guides when it comes to personal growth and business formation.

Free limited liability company legal forms

There are several legal forms that cater specifically to limited liability companies that are free and available online.

These free resources aid in creating documents necessary for the existence and proper maintenance of your limited liability company such as:

Hiring documents that include:

• Non-disclosure agreements (NDA)
• Independent contractor service agreements (ICSA)
• Employment contracts
• Limited liability company resolutions
• Operating agreements

Tutorials on how to make a website

There are a plethora of video tutorials available online that show each step to take when building a website whether that is to just house a portfolio, build a business website or an actual e-commerce store with a checkout cart function.

Several websites also make guides that are written with corresponding pictures for those that prefer to read on how to make their own websites instead of watching video tutorials.

Several free resources are available online to help make website building easier even for those without any related experience but would like to try anyway.

Small business tools

There are several tools online available for small businesses. Some of these tools can also be accessed for free.

Small business tools aid in giving solutions to challenges businesses face.

Small business tools also help in finding and generating ideas, drafting operating agreements for limited liability companies, and making business plans among so many other tools available.

Some examples of tools that can be accessed for free online are business name generators, entrepreneur quizzes, business plan generators, operating agreement tools, business idea generators and free logo makers.

Conclusion

Forming a limited liability company in the state of South Dakota follows the same general principles that forming LLCs as a whole follow.

There will be certain laws, rules and regulations to abide by that are specific to the state of South Dakota and will need to be strictly complied with to prevent incurring penalties or other non-compliance fees.

Generally, there are 5 main steps to follow in forming a limited liability company in South Dakota which are relatively simple and straightforward.

The first is to name your limited liability company and when that name is available, the second step would be to choose a registered agent whether you nominate yourself or other members of the limited liability company.

The option to hire professional registered agent services is also available.

The third step would be to file the business’ articles of organization with the Secretary of State of South Dakota. It is through the third step that the limited liability company is recognized by the state.

The fourth step would be to draft an operating agreement which does not need to be filed externally and is basically an internal agreement that details that the members understand how the LLC should be run and managed including the mechanics of distributing profits and losses.

Then finally, an EIN will need to be processed which is the Employer Identification Number that the Internal Revenue Service recognizes the business by.

After forming the business, there will be steps that need to be taken from separating personal and business assets to ensure that personal liability protection exists to getting business insurance for your LLC which will vary from business to business though the most common coverages to get are general liability, professional liability and worker’s compensation.

It will also be beneficial to have a dedicated business website and send out press releases to get your business and its name out there.

Forming the LLC and taking the necessary business steps after it is formed should not be neglected.

It is especially crucial to make sure that the company is kept compliant which can be done by obtaining the needed business licenses and permits in South Dakota that will differ on a federal, state and local basis. Keeping your company compliant also means fulfilling your limited liability company tax filing requirements in South Dakota.

Tax filing requirements on the federal level will also need to be fulfilled.

To prevent the state of South Dakota from revoking your business’ registration, annual reports will need to be submitted to the Secretary of State in a timely manner.

Hiring employees have corresponding laws to abide by.

Other information that you will need to know when forming your own limited liability company is how to register a foreign LLC in South Dakota, how to acquire a certificate of good standing, and how to dissolve a limited liability company in South Dakota.

Several free, online tools and resources are available to help business owners get started and have their businesses running from online logo makers to even business name generators.

There are hardly any shortages in resources that can be used in enhancing, streamlining, promoting and improving your business for yourself as an owner, for the state as the presiding body and for the employees that take on the workload for you so you can focus on expanding and growing your company to reach its goals and raise profits.