What is a South Dakota Business Foreign Qualification?
A South Dakota Business Foreign Qualification is a registration of your business with the state of South Dakota while already having the entity formed or incorporated in another state. Foreign qualification is necessary for entities with business activities in a state other than the state of original incorporation or company formation. Not qualifying your business in South Dakota comes with several negative consequences for your business. South Dakota may prevent you from filing lawsuits, though you may defend yourself from any claims. South Dakota may impose fines and penalties for each transaction or activity performed without qualifying your business in South Dakota. You may even get legally blocked from further business within the state. Continue reading to learn about the typical business activities that may require you to apply for a South Dakota Business Foreign Qualification immediately. You can also call us at (800) 603-3900 to inquire about this matter today.
When you’ll need a Foreign Qualification for Your Business
You may be wondering, “how do I know if my business needs a South Dakota Business Foreign Qualification?” First, having employees in South Dakota performing remote work may trigger the necessity to qualify your business in South Dakota. Another condition aside from employees is physical property; having a warehouse, owning a store, or leasing an office, among other income-producing real estate assets. Mainly, long-term or frequent business transactions in South Dakota—outside of your home state, will require you to apply for a South Dakota Business Foreign Qualification.
Call our office at (800) 603-3900 to register your South Dakota Business Foreign Qualification by phone.
Legal Considerations of a South Dakota Business Foreign Qualification
Your LLC or corporation is considered domestic in the state of original incorporation or company formation and a foreign entity in every other state—which is why you need to register a South Dakota Business Foreign Qualification if South Dakota isn’t the domestic state. An unregistered or unqualified business entity may be subject to fines, penalties, and lack of legal recourse. Registering a foreign qualification is similar to new incorporation or company formation—subject to separate state fees, filings, and taxes. You need to file your annual or biennial reports in your domestic and foreign state, accompanying respective fees and requirements. We recommend getting organized and having appropriate accounting practices in place for state taxes. The state of South Dakota will also provide the public with your entity’s basic information.
How to get your business qualified in South Dakota
You need to collect your corporate information and fill the online form here. Business attorneys will then counsel you on all the legal, business, and tax implications of your South Dakota Business Foreign Qualification. We’ll put together a South Dakota Corporate Kit—a records book and seal with all the necessary corporate documents, such as the articles of incorporation, bylaws, minutes, registers, certificates, licenses, and agreements. Keep in mind that our firm prepares and files your South Dakota Business Foreign Qualification customized with your specific business needs and advantages in mind. Once we prepare and submit all the required paperwork, we communicate with state Authorities until we get your final approval. A South Dakota Business Foreign Qualification may necessitate business licenses in the state even if you already acquired them in your domestic state. We can help you obtain business licenses in any U.S. state upon request. We have decades of experience assisting entrepreneurs with qualifying their business in South Dakota; feel secure in your decision to get yours with Spiegel & Utrera, P.A. at AmeriLawyer.com!
Need help getting your South Dakota Business Foreign Qualification?
Here’s what you get with us for one low price:
- South Dakota Business Foreign Qualification
- South Dakota Corporate Kit – Company Records Book and Seal
- Legal Advice and Business Counsel from our Law Firm (no hidden attorney fees)
Each Corporation or Limited Liability Company is COMPLETE and
- INCLUDES State Filing Fee, “YES! Includes State Filing Fee”,
- INCLUDES Corporate or Company Seal and Book,
- INCLUDES Certificate or Articles of Incorporation or Organization,
- INCLUDES Company or Corporate Minutes,
- INCLUDES Corporate By-Laws or LLC Regulations,
- INCLUDES Corporate or LLC Ownership Register,
- INCLUDES Banking Resolution,
- INCLUDES Membership or Stock Certificate,
- INCLUDES Preliminary Name Search,
- INCLUDES 110% Lowest Price Guarantee,
Yes, even INCLUDES Attorney’s Fee (No Hidden Attorney Fees).
AmeriLawyer Tip! Special Funding and Benefits for Minority-owned Businesses with MBE Certifications
To get a minority-owned business certification, you and your company or corporation must meet specific criteria and qualifications. First, your business must be at least 51% owned, managed, and operated by minority group members of U.S. citizenry and have good moral character. The company, corporation, partnership, sole proprietorship, or franchise must be for-profit and located in the U.S. or its trust territories.
Obtain an MBE certification and benefit from business loans, investment capital, disaster assistance, surety bonds, special grants, commercial and federal contracts, business networks, and client databases.
To register as a minority-owned business and obtain an MBE certification, you can start the process today by filling our online form or by calling (800) 603-3900. Applying for an MBE certification is a legal process; our in-house lawyers can help you meet the certification criteria and qualify for the special funding and benefits it provides. Please note that a minority-owned business MBE certification includes legal documents such as the articles of incorporation or certificate of organization, stock certificates, company minutes, operating agreements, and corporate bylaws, among other records. Our law firm helps minority-owned businesses incorporate, litigate, and satisfy government guidelines, giving you a fair chance to grow into a profitable and sustainable entity. Utilize our arsenal of legal and business abilities to your full advantage. Call us for a free consultation now!
Company records book and seal are important in obtaining your MBE certification. If you’ve lost your corporate kit, we can help you replace it when processing your application.