South Dakota LLC and South Dakota Corporation
Filed with the South Dakota Secretary of State
South Dakota Corporation Names
The South Dakota Corporation name must include the word or an abbreviation of a word that indicates that the named entity is a corporation. Examples of a corporate name ending include “Incorporated,” “Corporation,” “Company” or “Limited.” The name cannot state or imply that the corporation is formed for a purpose other than what is permitted in the articles of incorporation. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
South Dakota Limited Liability Company (LLC) Names
The South Dakota Limited Liability Company (South Dakota LLC) must use the term “Limited Liability Company”, “LLC” or “L.L.C.” The word “Limited” may be abbreviated as “Ltd.” And the word “Company” as “Co.” The name cannot state or imply that the LLC is formed for a purpose other than what is permitted in the articles of organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Registered Agent
A corporation must maintain a registered agent at all times to accept any important service of process from the state. The registered agent must be located and available during regular business hours at a legal address within the state. South Dakota prohibits the use of a P.O. Box as your registered agent’s address.
Director Information
- Minimum Number – One or more.
- State Residence Requirements – None.
- Age Requirements – Directors must be a natural person at least 19 years of age.
- Directors are not required to be listed in the articles of incorporation.
Officer Information
Officers are not required to be listed in the articles of incorporation.
Stock Information
The articles must state:
. The number of shares that the corporation is authorized to issue.
. For corporations authorized to issue only one class of stock: The par value of shares or a statement that the shares are to be without a par value.
. For corporations authorized to issue more than one class of stock: the designation of each class and a statement of the preferences, limitations and relative rights in respect of the shares of each class.
. For corporation authorized to issue the shares of any preferred or special class in series: The designation of each series and a statement of the variations in the relative rights and preferences between series, and a statement of any authority to be vested in the board of directors to establish and change the relative rights and preferences between series.
. A statement that the corporation will not commence business until consideration of at least one thousand dollars has been received for the issuance of shares.
Corporate Records
A stock transfer ledger must be kept at the principal corporate office.