Starting a Business in South Dakota
LLC filing: $150 | Corp filing: $150 | Business-friendly score: 8/10
Business Environment at a Glance
8/10
Business-Friendly Score
None
Income Tax
4.2%
State Sales Tax
$11.20
Minimum Wage
Business Filing Fees in South Dakota
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $150 | One-time, filed with Secretary of State |
| LLC Annual Fee | $50 | Due annually to maintain good standing |
| Corporation Filing Fee | $150 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $50 | Annual report/franchise tax |
Tax Rates
| State Income Tax | None |
| Corporate Tax Rate | None |
| State Sales Tax | 4.2% |
| Max Local Sales Tax | 4.5% |
| Minimum Wage | $11.20/hr |
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South Dakota Special Requirements
- Annual report required with Secretary of State ($50)
- No state income tax, no corporate income tax, no personal property tax
- South Dakota Sales Tax License required for retail businesses
- Workers compensation required for all employers
Major Cities in South Dakota
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Start Your Business in South Dakota
The state filing fee for an LLC in South Dakota is $150. Licenses, insurance, equipment and rent usually cost far more: see the full picture for your business type and city.
Estimate your startup costs