S-Corp Information – South Dakota

By | February 13, 2008

Address of state corporation department:
South Dakota Secretary of State
State Capitol
500 E. Capitol Avenue
Pierre SD 57501
Telephone: 605-773-4845
State web address: http://www.state.sd.us/
State law reference: South Dakota Compiled Laws, Title 47, Chapter 1A.
Title of filing: Articles of Incorporation.
Filing Fees: $125.
Other fees: None.
Name reservation: Reservable for 120 days for $20 fee. (Section 47-1A-402).
Name requirements: Corporation, Incorporated, Company, Limited, or abbreviation. (Section 47-1A-401).
Incorporator requirements: One or more persons or entities. (Section 47-1A-140(28), 47-1A-201).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 47-1A-301).
Director requirements: One or more (may be nonresidents). (Sections 47-1A-802, 47-1A-803). But the shareholders
can agree that there will be no board of directors and the corporation will be managed by shareholders instead.
(Sections 47-1A-732, 47-1A-801).
Paid-in capital requirements: None.
Annual report requirement: Yes, to Secretary of State. (Section 47-1A-1621). $30 filing fee.
Publication requirements: None.
Other provisions: Articles of Incorporation must state street address of corporation’s principal office, or state that
there is no street address. (Section 47-1A-202). The registered agent must sign the Articles of Incorporation, consenting
to the appointment as agent for the corporation.