South Dakota LLC Annual Report
Once you have formed your South Dakota LLC, you must stay on top of your state’s filing deadlines in order to stay in good standing and avoid unnecessary fines or penalties.
This article answers the following questions for a South Dakota LLC:
What Is an Annual Report?
In South Dakota, an annual report is a regular filing that your LLC must complete every year to update your business information, including:
- Company address
- Registered agent address
- Registered agent changes require a separate filing.
- Names and addresses of LLC officials (i.e., members, managers, directors, or officers)
The purpose of this report is to keep your business records up to date with the State of South Dakota. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
How Do I File an Annual Report?
You can file your South Dakota LLC annual report with the Secretary of State. You must use your state business ID to file, which you can find with a business information search.
OPTION 1: File Online With the South Dakota Secretary of State
- OR -
OPTION 2: File by Mail
Fee: $50 online, $65 by mail
Secretary of State Office
500 E Capitol Ave
Pierre, SD 57501
Due Date: South Dakota LLC annual reports are due every year on the first day of your LLC’s anniversary month (i.e., the month when you initially registered your LLC with the state).
Late Filings: Any annual report received after the due date will result in a $50 late fee, and your state will lose its good standing status. Further failure to file an annual report could result in the dissolution of your South Dakota LLC.
Should I Use a Registered Agent Service?
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Secretary of State can dissolve a South Dakota LLC if it does not file an annual report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a South Dakota registered agent by reading our guide.
Recommended: Northwest provides free registered agent service for the first year as part of their LLC packages.