South Dakota Annual Report

Annual reports filed with the Secretary of State in South Dakota are official documents that provide a comprehensive overview of a business's financial performance, operations, and management throughout the previous year. These reports are required by law and serve as a way for businesses to maintain transparency and compliance with state regulations.

There are 4 different ways to file an annual report in South Dakota depending on your legal entity type and tax classification. Follow the guide below to help you file your annual report with the Secretary of State in South Dakota or use Mosey to do it.

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South Dakota Annual Report for Corporation

Nonprofits registered with the South Dakota Secretary of State are required to file annual reports to maintain good standing. Reports are due on the first day of the anniversary month of when the business was registered. The filing fee is $10. Reports can be submitted electronically or by mail.

File Your Report
Visit the Secretary of State’s Business Services Online website and select “File an Annual Report” to complete and file your annual report and pay the filing fee online.

South Dakota Annual Report for LLP

If you are registered with the South Dakota Secretary of State, you are required to file annual reports to maintain good standing. Annual reports are due every year on the first day of the anniversary month of when the business was filed.

File Annual Report
File your Annual Report and pay the filing fees online with the South Dakota Secretary of State.

South Dakota Annual Report for LLC

File Annual Report
File your Annual Report online with the South Dakota Secretary of State.

South Dakota Annual Report for Professional Corporation, Corporation

File Annual Report
File your annual report online with the South Dakota Secretary of State.

What else do I need to know?

There may be additional things you will need to do to maintain your "good standing" in the state including having a registered agent and other kinds of taxes.

Maintaining a Registered Agent

Most states require that you have a registered agent that can receive important mail from the Secretary of State should they need to contact you. There are many commercial options available or you can use Mosey to be your registered agent and keep your information private in South Dakota.

Other Taxes

In addition to maintaining a registered agent, maintaining your good standing can include additional taxes. This can include franchise tax, sales tax, or other state taxes. You can use Mosey to identify these additional requirements to maintain good standing in South Dakota.

South Dakota's Annual Report Agencies

South Dakota Secretary of State

Small Business Quarterly Taxes Compliance Guide (2024)

Most businesses will have to pay federal quarterly taxes, but how they pay them will vary depending on the business structure they utilize, how long they’ve been operational, and how much they believe they’ll profit each year. Here’s what small business owners need to know about quarterly taxes and how Mosey can help them stay on track with corporate compliance. How To Determine the Filing Requirements for Your Business Small business owners choose their business structure based on which tax advantages will be most helpful. Each business structure has different tax requirements; some are very thorough, while others are informal and function like personal taxes.

Client Reporting States: 8 Steps To Maintain Compliance on a PEO

Managing compliance for state and local reporting can feel like a never-ending task, even with the help of a professional employer organization (PEO). For example, client reporting states can add an extra layer of confusion to the payroll and reporting process. When you’re on a PEO, there are two types of payroll reporting: client reporting states and PEO reporting states. In client reporting states, you are still responsible for managing your payroll accounts under your own employee identification number (EIN). In these states, you do not file under the PEO’s payroll tax accounts, and your company will have to handle any corporate tax filings or business registrations.

Employee vs. Contractor: Understanding the Difference

Contractor work arrangements are popular. According to the US Government Accountability Office, about one-third of all businesses and almost 90% of Fortune 500 companies use independent contractors in some capacity. Hiring contractors can be a particularly attractive option for early-stage businesses because it allows them to leverage specialized skill sets while building their internal teams. But contractors are very different from employees, and the two mustn’t be conflated—or hefty penalties can apply. While contractors are self-employed individuals or even incorporated business entities, employees are typically economically dependent on their employers and so are entitled to certain rights and protections under the law. For this reason, misclassifying an employee as an independent contractor is a compliance violation: It denies a worker rights to which they are otherwise entitled.

The Platform for State and Local Compliance