How to Start a Business In South Dakota
Here are some steps on how to become a legal business in the state of South Dakota. You must do your own thorough research, as laws change regularly.
Getting started– The state of South Dakota has created a website to help you start your business:http://www.sdreadytowork.com/Build-Your-Business/Start-Your-Business.aspx
-Select a business structure
Find out more about business structures (Sole-proprietor, LLC, Partnership, Corporation, etc.) and registering a business name here: https://www.sba.gov/starting-business/choose-your-business-structure
-Register your business name.
Find out more here: https://sdsos.gov/business-services/fictitious-business-name-registration.aspx
If you need help choosing a business name: 12 Tips to Help Choose a Business Name
-Register your business.
Find out more about how register your new business with the state of South Dakota here: https://sdsos.gov/business-services/default.aspx
-Open a Business Checking Account.
You will need to open a separate bank account for your business with your new business name.
-Find out about taxes and hire an accountant.
You may want to have an accountant do the work. More info about taxes here: http://dor.sd.gov/Taxes/Business_Taxes/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
-Get Liability Insurance.
You may want to consider liability insurance depending on what type of services you will offer.