Q: What are the filing fees for an LLC in South Dakota?
A: The filing fee for an LLC in South Dakota is $150 if filed online or $170 if filed by mail or in person.
In addition to the filing fee, South Dakota does not require LLCs to file annual reports or pay annual report fees.
Q: What are the tax implications of forming an LLC in South Dakota?
A: LLCs in South Dakota are not subject to state corporate income tax or franchise tax, which makes it a popular state for entrepreneurs looking to minimize their tax liability.
South Dakota also has no personal income tax and does not require LLCs to pay state sales tax on goods and services sold outside of the state.
This combination of tax advantages makes South Dakota an attractive state for entrepreneurs and investors.
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