Annual Report - Domestic Limited Liability Company - South Dakota

Annual Report - Domestic Limited Liability Company is a legal document that was released by the South Dakota Secretary of State - a government authority operating within South Dakota.

FAQ

Q: What is a domestic limited liability company?
A: A domestic limited liability company is a type of business entity that combines the benefits of a corporation and a partnership. It provides limited liability protection to its owners while allowing for flexible management and tax options.

Q: What is the purpose of an annual report for a domestic limited liability company in South Dakota?
A: The purpose of an annual report for a domestic limited liability company in South Dakota is to provide the state government with updated information about the company, including its current business address, the names and addresses of its members or managers, and the registered agent for service of process.

Q: When is the annual report due for a domestic limited liability company in South Dakota?
A: The annual report for a domestic limited liability company in South Dakota is due by the first day of the company's anniversary month. For example, if a company was formed on March 15th, its annual report would be due by March 1st of each year.

Q: What happens if a domestic limited liability company in South Dakota fails to file an annual report?
A: If a domestic limited liability company in South Dakota fails to file an annual report, it may be administratively dissolved by the state government. This could result in the loss of limited liability protection for the company's owners.