USA Corporate Filings

South Dakota Limited Liability Partnership Registration

Registration of a South Dakota Limited Liability Partnerships, according to the provisions of the South Dakota Code.

A limited liability partnership (LLPs) is much like a limited partnership. However the LLP allows all the partners to take an active role in the management of the business while offering members some liability protection from actions of the other partners. LLP are mast often used by groups of professionals such as doctors, accountants or architects.

Limited liability partnerships:

* Are treated like partnerships by the Internal Revenue Service
* Do not provide liability protection against actions of one’s self
* Are created by filing a qualification of limited liability partnership with the Secretary of State

The partners in limited liability partnerships aren't responsible for the debts, obligations, or liabilities of the partnership resulting from negligence, malpractice or wrongful acts, or misconduct by another partner, employee or agent of the partnership.

Professional organizations (such as accounting and law firms) generally prefer limited liability partnerships because they are specifically designed to limit malpractice claims against partners not involved in the malpractice. But a partner of a limited liability partnership is liable for other partnership debts and obligations as well as for their own negligence, malpractice or wrongful acts, or misconduct, and that of any person under their direct supervision and control.

Before you begin your South Dakota online Limited Liability Partnerships registration there are a few things that you are going to need to know and/or have access to.

Limited Liability Partnerships (two or more partners) operating in South Dakota or wishing to operate in South Dakota are not required to be registered if the business is carried on under the partner’s name. If the business uses a business name other than the partner’s name, they are required under the South Dakota Code to register their business name before start using it. Registration is done by filing a Statement of Qualification of Limited Liability Partnership with the South Dakota Corporations Divisions.

Registration places your business name in the public record maintained by the South Dakota Corporations Division. This allows consumers and business people to find the owners or the principal behind a business name.

Registering a South Dakota Limited Liability Partnerships involves three main steps:

Step 1 Name Approval

All business entities require approval of proposed name prior to company registration in South Dakota. South Dakota corporations division is responsible for the approval of company names.

We will do this step as a part of our South Dakota Limited Liability Partnerships registration service.

When choosing your trade/business name, choose a distinctive name to stand out from your competitors. Make sure the name is not misleading or confusing in its description of the goods and services you will provide, also remember that certain words or expressions cannot be used:

• Words or expressions, in any language, that, are obscene or objectionable in nature.
• Words that imply the business, is a different type of organization.
• The words “college”, “institute”, or “university” cannot be used without the written consent of the Ministry of Education and training.
• You may not use the words “limited”, “corporation” or “incorporated”
• Words with restricted use under federal or provincial laws
• Words that imply the business is associated with the the Government of the United States, any state of the United States or any municipal government may not used without the written consent of the appropriate authority.

Step 2 Filing an Application for a Limited Liability Partnerships Registration

Filing of an Application for a Limited Liability Partnership Registration is required mainly to provide proof that the name is in use by a particular business. Filing of the registration form does not give any right of ownership of the name.

Registration Fees:

Name Search & Reservation: $0.00
Secretary of State:$100.00
Registration Service Fees: $99.99
Tax (4%):$3.99
Total:$203.98

Step 3 Your Documents

Once your Limited Liability Partnerships have been successfully registered, you will be emailed in PDF format your certificate of registration and your Free Limited Liability Partnership Agreement.