A South Dakota Notice of Transfer of Reserved Corporate Name is a legal document that allows a corporation to transfer the reservation of a specific name to another entity. This notice is necessary when a corporation wishes to transfer its reserved corporate name to another entity with the South Dakota Secretary of State's office. The process of transferring a reserved corporate name involves certain steps to ensure the name is rightfully transferred and properly documented. The South Dakota Notice of Transfer of Reserved Corporate Name must include specific information such as the original corporation's name, entity ID number, and the new entity's name and ID number. There are three types of South Dakota Notice of Transfer of Reserved Corporate Name: 1. South Dakota Notice of Transfer of Reserved Corporate Name of a Domestic Corporation: This type of notice is used when a domestic corporation in South Dakota wants to transfer the reservation of its name to another entity within the state. 2. South Dakota Notice of Transfer of Reserved Corporate Name of a Foreign Corporation: Foreign corporations seeking to transfer the reservation of their corporate name to another entity in South Dakota are required to file this notice. This applies to corporations that were originally formed outside the state but now wish to operate within it. 3. South Dakota Notice of Transfer of Reserved Corporate Name of a Nonprofit Corporation: Nonprofit corporations in South Dakota can use this notice to transfer the reservation of their corporate name to another nonprofit entity within the state. In order to complete the South Dakota Notice of Transfer of Reserved Corporate Name, the filing entity must provide accurate information and pay the required filing fee. This document ensures that the reservation of the corporate name is officially transferred, allowing the new entity to use it for its business operations. It is crucial to submit the South Dakota Notice of Transfer of Reserved Corporate Name promptly to avoid any complications or conflicts with other corporations or entities using the same or similar names. By following the proper procedure, corporations can maintain legal compliance and protect their brand identity in South Dakota.
South Dakota Notice of Transfer of Reserved Corporate Name
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How to fill out South Dakota Notice Of Transfer Of Reserved Corporate Name?
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To change your registered agent in South Dakota, you must complete and file a Statement of Change of Registered Agent form with the South Dakota Secretary of State. The South Dakota Statement of Change of Registered Agent must be submitted by mail or in person and costs $10 to file.
The first step is to file a form called the Amended Articles of Organization with the Secretary of State and wait for it to be approved. This is how you officially change your LLC name in South Dakota. The filing fee for the Amended Articles of Organization in South Dakota is $60.
How do you dissolve/terminate a South Dakota Limited Liability Company? To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing fee.
Starting an LLC in the Mount Rushmore State comes with its own unique financial dynamics. South Dakota stands out as an attractive option for business owners due to its lack of state income tax.
LLC members' income is taxed at the federal self-employment tax rate of 15.3% (12.4% for social security and 2.9% for Medicare). South Dakota does not levy state personal or corporate income taxes, though the LLC will most likely need to pay state sales and local taxes, as well as industry-specific taxes.
How do you dissolve/terminate a South Dakota Limited Liability Company? To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing fee.
UCC Electronic Filing Fees (with subscription) ServiceFeeUCC-3 or EFS-3 (one debtor name)$20TerminationsNO CHARGEAdditional Debtor Names (for UCC-1, EFS-1, UCC-3 & EFS-3)$3 per debtorUCC 2 Information Request$10 per debtor4 more rows
