What is the fee for filing annual reports?

The fee for filing annual reports with the South Dakota Secretary of State is $50. This fee is applicable to all domestic and foreign corporations, limited liability companies (LLCs), and non-profit organizations. The annual report is required to be filed by the end of the specific company's fiscal year, and failure to submit the report on time may result in additional penalties and potential dissolution or revocation of the entity. To ensure prompt filing, it is recommended to use the Secretary of State's online filing system, which facilitates a quick and convenient process. Payments can be made securely online using a credit or debit card. Detailed instructions and further information can be found on the Secretary of State's website.