• Incorporators must file the Articles of Incorporation, along with the required processing fees, with the South Dakota Secretary of State. 
• First, choose the name of your corporation. The name must be clearly different from the name of another business. So, at no extra charge, Proactive Management will perform three name searches to determine if your desired name(s) are available.
• This name must also include one of the following phrases "corporation," "company," "incorporated," or "limited" or the abbreviation, corp., inc., co., or ltd., or terms or abbreviations in another language.
• The Articles of Incorporation will address:
  • Name and address of each incorporator  One or more persons may act as the incorporator or incorporators of a corporation.
  • Street address of the registered office and the name of the registered agent at such office. The registered office can be the same as the corporation's principal place of business and the registered agent can be an officer/owner of the corporation.
  • The total number and class (if any) of authorized shares
  • The purpose of the company, will be assumed to be that it engages in any lawful business unless a more limited purpose is set forth in the Articles
  • No corporation or LLC, foreign or domestic, shall be formed for the purpose of owning, leasing, holding or otherwise controlling agricultural land to be used in the business of agriculture.  There are many exemptions, including, but not limited to, family farms and authorized family farm corporations.
  • A document accepted for filing is effective upon filing and corporate existence begins upon filing of the Articles.  A valid delayed effective date may not be later than the ninetieth day after the Articles are filed.

Disclaimer - Not Providing Legal Services - Proactive Management, Inc. presents the material on this site as general information only. It is not offered as and does not constitute legal advice or legal opinion and should not serve as a substitute for advice from an attorney or accountant familiar with the facts of your specific situation. We provide business formation services. We are not a law firm and do not provide legal or tax advice or services. We make no warranty, express or implied concerning the accuracy or reliability of the content at this site or at other sites to which we link.