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If you are conducting business in South Dakota you need a license even if you do not have a physical location. If you have nexus then all your sales in South Dakota are taxable (including online and catalog sales) and you must be licensed with the Department of Revenue.

Prior to the bill's enactment, South Dakota's economic nexus threshold was gross revenue of $100,000 or 200 or more separate transactions in the previous or current calendar year. The economic nexus threshold will now be gross revenue of $100,000 in the previous or current calendar year, effective July 1, 2023.

To be considered a nexus, a business must have ?sufficient presence? in the state and be ?engaged in business? in the state. The requirement of sufficient presence is satisfied by the brief physical presence of someone at a trade show to something more permanent, such as a warehouse.

Since South Dakota does not collect an income tax on individuals, you are not required to file a SD State Income Tax Return. However, you may need to prepare and eFile a Federal Income Tax Return.

To apply for a tax ID number or EIN number South Dakota residents need to fill out the Form SS-4 and submit it to the IRS. You may only apply for one EIN per business day as a responsible party. If you've already applied for an EIN today, you must wait until the next business day to apply for another one.

What is economic nexus? The term economic nexus refers to a business presence in a US state that makes an out-of-state seller liable to collect sales tax there once a set level of transactions or sales activity is met.