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If you’re looking to start a business in South Dakota, you may be wondering what the process involves. Fortunately, it’s not too difficult to form a company in SD! The steps below will tell you everything that you need to do:
You’ll be required to create a formal name that you can put on your articles of incorporation. The name must be different than any other registered corporation in South Dakota, and it must also not be the same as any other registered corporation or business name in the United States. It’s also important that the name not be too similar to another company’s name, as this may cause confusion among consumers and could lead to legal issues for both parties after registration is complete.
The articles of incorporation must include the company’s name, incorporator(s), registered agents and officers, directors, stock structure and any other information needed by the Secretary of State.
The state recommends writing your own articles of incorporation or using one that has been drafted for you—it doesn’t matter which method you choose as long as it contains all the required documents and information.
Once written, you can file these documents with the Secretary of State either in person or by mail.
It can be a person or a service.
Secretary of State, Division of Corporate & Professional Services, P.O. Box 3814, Pierre SD 57501-3814
Next, you must decide how much stock you want to purchase and what it should be valued at. The price of the stock will be determined by the value of the company’s assets and its future earnings potential. If there is no stock structure, each member will have one share in the company.
The next step is to distribute your shares according to the articles of incorporation (unless you are operating as a sole proprietorship).
As you’re starting to research your company and the steps it will take to get started, you’ll probably come across a variety of resources that claim to be able to help you start a company in South Dakota. But which ones are reliable? And what about all those other guides? Why should you listen to us over anyone else?
Well, we’re going to cut straight through all that noise and tell it straight: we’ve got the best guide for guiding you through starting your business in South Dakota. We want this guidebook on your desk as soon as possible so that when people ask how they can start their own business, you won’t have any trouble answering them!
I hope this guide has given you some insight into the process of forming a company in South Dakota. This is something that I know can be daunting, but it’s important to remember that as long as you follow all the steps outlined above and keep up with annual reporting requirements then everything should go smoothly! Good luck in your new venture!
Register Your Trademark & Get The Delivery of your USPTO Serial No. In 24 Hours
Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours