How to Form an LLC in South Dakota
Everything you need to form a Limited Liability Company in South Dakota (SD). Filing fee: $150 | Processing time: 5-7 business days
Filing Fee
$150
Annual Report
$50 annually
Processing Time
5-7 business days
Online Filing
Yes
State Income Tax
No state income tax
Steps to Form an LLC in South Dakota
1
Check LLC name availability with the South Dakota Secretary of State
2
Designate a registered agent in South Dakota
3
File Articles of Organization with the South Dakota Secretary of State
4
Pay the $150 filing fee
5
Obtain an EIN from the IRS
6
Draft an Operating Agreement
7
File the annual report each year with the $50 fee
Pros of Forming in South Dakota
- ✓No state income tax for individuals or corporations
- ✓Strong asset protection and trust laws
- ✓Low cost of living and doing business
Cons of Forming in South Dakota
- ✗Very small population and consumer market
- ✗Limited workforce and talent pool
- ✗Higher filing fee of $150 compared to some no-income-tax states
Best For
Asset protection, trust companies, and businesses seeking no state income tax with strong privacy laws.
Calculate Your South Dakota LLC Costs
Get a detailed cost breakdown for forming your LLC in South Dakota, including filing fees, registered agent costs, and more.
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