If you already have an LLC in another state and want a South Dakota LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in South Dakota.
On this page, you’ll learn about the following:
- Forming a South Dakota Foreign LLC
- Step 1: Choose South Dakota Foreign LLC Name
- Step 2: Select South Dakota Foreign LLC Registered Agent
- Step 3: File Registration of South Dakota Foreign LLC
- Step 4: Determine How Your South Dakota Foreign LLC is taxed
- Steps to Filing South Dakota Foreign LLC Online
- Filing South Dakota Foreign LLC by Mail
- After Forming South Dakota Foreign LLC
Forming a South Dakota Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in South Dakota, you need to register it with the South Dakota Secretary of State.
Step 1: Choose South Dakota Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the South Dakota Secretary of State. Your LLC’s legal name outside of South Dakota will be listed on the application, along with the name it will use in South Dakota. Take note of the requirements for naming your LLC.
Step 2: Select South Dakota Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in South Dakota and take note that a South Dakota registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of South Dakota Foreign LLC
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in South Dakota.
- Date when your LLC will start operations in South Dakota.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in South Dakota, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your South Dakota Foreign LLC is taxed
Foreign LLCs are also subjected to the South Dakota Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing South Dakota Foreign LLC Online
Time needed: 5 minutes.
To establish your foreign LLC in the State of South Dakota, you must file the Certificate of Authority with the South Dakota Secretary of State. The cost of registration is $750 through online mode. Once approved, you will receive a Certified Copy of your business registration. We have explained the aspects you need to cover when you apply for a Certificate of Authority for your Foreign LLC in South Dakota.
Steps to Register your South Dakota Foreign LLC Online:
- Go to the website of the South Dakota Secretary of State
Access the official website of the South Dakota Secretary of State. The Division of Business Services offers a one-stop solution for different business-related online services for domestic and foreign LLCs. Select the first tab from the list, ‘Start/Register a New Business’.
- Select the criteria
On the following page, select ‘Foreign Limited Liability Company’ from the dropdown list. The online application form for South Dakota Foreign LLC appears on the screen.
- Start to fill up the application
Go through all the instructions carefully. Move ahead to fill in all the required information in the application. You must also upload the mandatory documents, if any, such as the Certificate of Existence issued by the State of Original jurisdiction.
- Review your application
Before you proceed to make the payment, review all the information entered by you to be correct and accurate to your knowledge.
- Make the payment
Once you complete the application, you can proceed to the payment gateway page and pay $750 as the online filing fee for your South Dakota Foreign Limited Liability Company Registration application. After successful completion of your application, you will receive a notification from the Secretary of State office acknowledging the receipt of your application. You can expect a reply from the State office within 3 to 5 business days.
Filing South Dakota Foreign LLC by Mail
If you wish to register your foreign business LLC with the Secretary of State office, you can do that easily through mail.
- Download the Application form PDF on your computer system.
- Read all the instructions carefully and start to fill in the application form.
- Make sure that all the correct information in the mandatory spaces.
- Review your application before proceeding for submission.
- Attach the Certificate of Existence issued by the State of Original jurisdiction.
- Issue a money order of check for $765 as the filing fee for your application payable to the ‘Secretary of State’.
- Arrange all the documents together and mail it to the following address, Secretary of State Office 500 E Capitol Ave Pierre, SD 57501.
After Forming South Dakota Foreign LLC
Here are added things you need to accomplish after forming your South Dakota Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form a foreign LLC in South Dakota.
How Much Does It Cost to Register a Foreign LLC in South Dakota
To register as a foreign LLC in South Dakota, you can file through mail by paying $765 or online by paying $750 to the South Dakota Secretary of State.
When you register a foreign LLC in South Dakota, you will pay a small fee. However, this is just one part of a long process that includes many other important considerations. You also need to get state, local, and federal permits before you can start operating your business. It can be confusing and messy for new entrepreneurs, so it’s best to hire professional help.
The application for a foreign LLC in South Dakota involves filing an Application for Certificate of Authority with the South Dakota Secretary of State. This is a document that outlines your LLC’s authority to operate in the state, and must be accompanied by a certificate of good standing. While the certificate of good standing is typically not required for registration, it is helpful in verifying your compliance with the state’s laws. Generally, the certification of good standing will cost $20.
If you want to start a foreign LLC in South Dakota, you should be aware that you need to register for a DBA (Doing Business As). A DBA allows you to use your company’s name even though you are a foreign company. In order to file an assumed name, you will need to pay a $25 fee.
If you do not wish to electronically file your LLC articles of organization, you will need to print them and mail them to the SOS. Depending on your particular circumstances, you may need to pay an extra service fee. Generally, you’ll have to pay a filing fee and a statement of change. These fees are tax-deductible.
Your business will also have to get workers compensation insurance. It is recommended that you obtain this coverage, as 94% of businesses are required to carry it. Additionally, you will need to pay federal and state taxes. For example, you will need to file a state annual report each year.
Finally, you will need to register your business for sales taxes. The amount that your LLC pays will depend on your sales. To find out more about how much you will have to pay, you can visit the South Dakota Business Tax page.
One of the benefits of doing business in South Dakota is the ease of filing. Generally, you can fill out and submit your application and get your verification by mail. You will also need to appoint a registered agent, but you can do this online. Once you are done, you will have a Certificate of Authority in your hands.
If you are looking for a fast and easy way to set up your LLC in South Dakota, you should consider using a foreign qualification service. There are many companies that offer this service, including Incfile and Nextiva. They will also help you prepare and register your LLC. Some of these companies also offer expedited filing options.
Even if you choose to form your LLC yourself, it is important to read the instructions thoroughly and follow them. Most importantly, you’ll need to select a name that will stand out.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in South Dakota.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in South Dakota as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in South Dakota does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.