South Dakota LLC Fees & Requirements

Starting a limited liability company (LLC) in South Dakota comes with certain fees and requirements that business owners need to be aware of.

LLC Formation Costs in South Dakota

South Dakota LLC Articles of Organization Filing Fee

The South Dakota LLC Articles of Organization filing fee is $150. This fee covers the cost of filing your Articles of Organization with the secretary of state. If you choose to file your paperwork on paper, there is an additional $10 fee.

It’s important to note that this fee is just one of many associated with forming and maintaining an LLC in South Dakota. There are also fees for things like annual reports, name reservations, and amendments.

To ensure that you’re aware of all fees and requirements, it’s a good idea to consult with a professional or use a formation service like TRUiC. They can help you navigate the paperwork and details of forming your LLC, so you can focus on building your business.

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LLC Operating Agreement and EIN Number Fees

LLC Operating Agreement and EIN Number Fees are two important fees to consider when starting a South Dakota LLC. You’ll need to file an Operating Agreement with the state, which can be done online or by mail, and costs $10. You’ll also need to obtain an EIN Number from the IRS, which can be done for free online. However, many LLCs choose to hire a registered agent to obtain their EIN number for them, which can cost anywhere from $50-$200.

Additional Costs for Foreign LLCs and Fictitious Business Names in South Dakota

Foreign LLCs and fictitious business names in South Dakota may incur additional costs. These costs include filing fees for applications, certificates, and reports with the Secretary of State. Correction fees for mistakes made on filings and reinstatement fees for administrative dissolution may also apply. The cost of filing Articles of Incorporation is $60, and an application for a registered name costs $50. The TRUiC team recommends consulting with a trusted agent or attorney to ensure all necessary details are covered and to avoid additional fees. It’s important to note that sales tax registration may also be required. On average, LLC registration in South Dakota costs around $150.

Eric Shrum