How to File an LLC Annual Report in South Dakota

Natalie is a business writer with experience in operations, HR, and training & development within the software, healthcare, and financial services sectors.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on July 20, 2022
Updated on May 7, 2023

How to File an LLC Annual Report in South Dakota

In South Dakota, your LLC is legally required to file an annual report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date.

What Is an Annual Report?

Your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing.

Who Needs to File an Annual Report?

Any business that is legally registered with the state of South Dakota must file this report, which includes detailed information about your business.

How to File a South Dakota Annual Report

In South Dakota, the annual report is filed with the Secretary of State. You can file online by visiting the Secretary of State website and taking the following steps.

Go to the Business Services page and click on File an Annual Report.
Click File Annual Report from the next page, enter your Business ID and click Begin.

Move through the form prompts and enter all of the appropriate information.
Pay the $50 fee and file your report.

Alternatively, you can complete a paper form and file your annual report by mail. Note that the fee for paper filings is $65.

Send your completed form and fee to:

South Dakota Secretary of State Office
500 E Capitol Ave
Pierre, SD 57501

In South Dakota, annual reports are due on the first day of the anniversary month in which you started your business. For example, if you started your business on May 15th, your annual report will be due each year on May 1st.

The penalty for filing late is $50. If you don’t file your annual report within three months of your anniversary date, your business will be designated as delinquent. Failure to file within one year will result in dissolution of your LLC.

Filing Fee

As mentioned above, the fee for filing an annual LLC report in South Dakota is $50 for online filings and $65 for paper filings.

What Happens After I File my South Dakota Annual Report?

After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.

Conclusion

Filing an annual report is a requirement for LLCs in South Dakota, so it’s critical that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.

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