How To Start A South Dakota Sole Proprietorship
Starting your own business in South Dakota? One of the first and important steps is choosing your business structure. In simple terms, a business structure decides how your business will operate, how taxes are handled, and how you, as the owner, are responsible for decisions and debts. In South Dakota, the sole proprietorship is a […]
How to Form a Corporation in South Dakota
The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. Thus, a corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation can […]
How To Get A Free South Dakota EIN
Not every small business will need one, but a common registration for many businesses in South Dakota is the Employer Identification Number, otherwise known as an EIN. This number is used as a business’s identification for tax purposes and is required for various business activities, such as opening a bank account, hiring employees, and filing […]
How To File A South Dakota Annual Report
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 each year with the South Dakota Secretary of State. Related: How to form an LLC in South Dakota Who Needs to File an Annual Report? Domestic […]
South Dakota Business License Basics
Starting a small business in South Dakota often means registering with several federal, state, and local agencies. Let’s review common South Dakota business license registrations so your business starts off right. Related: Guide to starting a business in South Dakota Setting Up the Business Before you can apply for business licenses, you should first establish the […]
Guide To Hiring Employees In South Dakota
Hiring your first employee as a new business owner is both an exciting and frightening experience. Not only do you have a person relying on you to pay them so they can provide for their family while balancing the cash flow needs of your business, but there is also a lot of paperwork and laws […]
How To Get A South Dakota Certificate of Exemption
In South Dakota, a Certificate of Exemption, which is also called a resale certificate in many states, allows businesses to purchase inventory without paying sales tax. In order to do so, the retailer will need to provide a South Dakota Certificate of Exemption to their vendor. Learn more about how the South Dakota Certificate of […]
How To Register For A South Dakota Sales Tax License
Most businesses starting in South Dakota selling a product or offering services will need to register for a South Dakota sales tax license. This is commonly referred to as a seller’s permit, sales tax permit, sales & use tax number, or sales tax registration. The sales tax license is obtained through the South Dakota Department […]
Should You Use A South Dakota Registered Agent Service?
A South Dakota registered agent (also referred to as a resident agent or statutory agent in some states) is a person or company designated to be the official point of contact for a company. The purpose of a registered agent is to receive service of process (legal mail such as a summons, subpoena, or lawsuit) […]
South Dakota DBA In 3 Easy Steps
If you’re planning to start a business in South Dakota under a name other than your own, you will need to register for a business name. Business name registration is commonly referred to as a South Dakota DBA or “Doing Business As.” To see if you need to register for a South Dakota DBA and steps […]