South Dakota LLC Annual Report
LLCs formed in South Dakota need to file this report with the South Dakota Secretary of State each and every year. i.e., annually. Read about how to file this report.
File report online
Visit the official state government’s website to submit annual report online.
Visit South Dakota official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
South Dakota LLC Annual Report
An annual report is used to keep an LLC’s contact information up-to-date and to keep your LLC in compliance and in good standing with the state of South Dakota.
Filed every year
Each and every LLCs formed in South Dakota must file this report every year.
Update your business information
The annual report is primarily used to update business data such as the Registered agent address and Names and addresses of LLC officials (i.e., members, managers, directors, or officers). However, Registered agent changes require a separate filing.
File Online or via mail
Annual report can be filed either online or by mail.
Change in Business Address
You can also change your company address by updating it on the annual report when it is due.
South Dakota actions
Here are some of the actions business owners can take in South Dakota:
How to file Annual Report in South Dakota ?
Follow these steps:
1. Visit official website
Every South Dakota LLC is required to file an annual report each year. Your South Dakota LLC Annual Report is due annually by the first day of your LLC’s anniversary month.
Due
annually
The Annual report must be postmarked, complete and compliant, before the first day of your LLC’s anniversary month to avoid any issues.
LLC Annual Report
Every LLC has to file this report in South Dakota to stay compliant with the state laws.
Filing Annual Report
South Dakota LLC is expected to file this report annually
File it online on South Dakota Secretary of State website
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Online fee
$50
Online processing time
instant
Failure to pay
South Dakota has a $50 penalty for failure to file on time. In addition, South Dakota can revoke an LLC’s business registration after 60 days for failure to file an annual report.
Articles of Organization
In South Dakota, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
Address
Secretary of State Office
500 E Capitol Ave
Pierre, SD 57501
Online fee
$150
Online processing time
Instant
Mailing fee
$150
Mail processing time
1 - 2 days
Entity name
Every LLC should have a unique name in South Dakota. South Dakota maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the South Dakota business information search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the South Dakota business services. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$40
Reservation period
120 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
South Dakota Codified Laws §47-34A-105
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Here are some of the guidelines in simple language:
- 1
Must contain, limited liability company, or limited company, or the abbreviation, L.L.C., LLC, L.C., or LC. Limited may be abbreviated as Ltd. and company may be abbreviated as Co.
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC Annual Report in South Dakota
It is very important to maintain full compliance in South Dakota. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in South Dakota.
South Dakota LLC
South Dakota Business search