South Dakota Registered Agent
Okay, here’s the scoop about registered agent service in South Dakota.
Why are there resident agents in the first place?
Long ago, you just fought dragons and paid tribute to the king. Eventually, economies evolved, new business structures like limited liability companies and corporations emerged. These types of business entities were created to provide tax advantages and protect business owners from liabilities. Business entities are given stature that is independent from the individuals who form them. Unfortunately, it didn’t take long for people to work out that they could stay away from litigation by personally steering clear of process servers. So, to close that loophole, most States require companies to designate a “registered agent.”
Describe the responsibilities of a typical registered agent in South Dakota?
A registered agent in South Dakota provides a lawful address where a person is available during standard business hours. Your registered agent is accountable to receive service of process and legal documents for your business and then send these documents on to your business. In addition, your South Dakota registered agent will prompt you about important filing due dates like annual report filings and other renewals. An South Dakota registered agent can also double check to verify your company is in conformance with the state.
How does having a registered agent help my company?
Most importantly, designating our registered agent service keeps your business in compliance with state law. In addition, we accept delivery of and scan any service of process, legal notice, annual report, or letter received into your customer account locally in South Dakota. You receive instant notification of any paperwork scanned into your South Dakota resident agent customer account.
As an added service, we also monitor your State annual report due date and email you prompts with how-to links to submit your paperwork before your due date with the Secretary of State.
What if I fail to maintain or don’t have a registered agent for my business?
There can be repercussions for failing to maintain your South Dakota registered agent. Fees may or may not be assessed. South Dakota may revoke your LLC or corporate legal status if you don’t maintain your South Dakota registered agent.