One requirement for maintaining a Limited Liability Company (LLC) or corporation in the state of South Dakota is filing an Annual Report. The Report confirms and updates the company’s information yearly with the South Dakota Secretary of State.
Who Needs to File an Annual Report?
Domestic and foreign corporations and LLCs are required to file an annual report each year after the year the company was formed.
What is Needed to File a South Dakota Annual Report
You can file your Corporation and LLC Annual Report online or by mail. To file online, visit the South Dakota Secretary of State’s website; otherwise, you can download and complete the Annual Report.
The report asks for information such as:
- Legal name of the entity
- Principal address of the business
- South Dakota Registered Agent name and address
- Names and addresses of the principal officers, directors, members, and/or managers
Processing is immediate with the online filing or 5-7 business days when filing by mail.
South Dakota Annual Report Fee
The South Dakota Annual Report filing fee for either the corporation or LLC is $50.
Annual Report Due Date
The Annual Report deadline is the last day of the anniversary month the Corporation or LLC was formed.
The first annual report is due in the year following formation. For example, if your LLC or Corporation was formed on January 1st, 2025, the first Annual Report will be due on January 31st, 2026.
The South Dakota Secretary of State’s office emails an Annual Report reminder before the due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
South Dakota Annual Report FAQs
My business made little or no money. Do I still have to file the South Dakota Annual Report?
Even if your South Dakota LLC or corporation received no income or had no business activity, the Annual Report still needs to be filed.
What happens if you don’t file the Annual Report on time?
If the Annual Report isn’t filed on time, a $50 penalty is assessed, and the business entity’s status will change from “Good Standing” to “Delinquent.” Not being in good standing may make it difficult for the entity to prove its existence when signing up with new vendors, loans, etc.
If the report isn’t filed within 60 days of the due date, the South Dakota Secretary of State will begin the process of administrative dissolution to revoke the entity.
South Dakota Secretary of State Contact Information
South Dakota Secretary of State
Business Services
215 E. Prospect Ave.
Pierre, SD 57501
Phone: 605-773-4845
Email: corpinfo@state.sd.us.
