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South Dakota Business Formation Lawyers

David R. Bliss avatar
David Bliss is a fourth-generation North Dakotan who was raised on his family farm and ranch near Bismarck. He has a bachelor's degree in journalism from the Un...
Jeana Louise Goosmann avatar
Jeana Goosmann acts as general counsel to company presidents and professionals. Her clients range from smalllocal companies to large national corporations. Jean...
Anthony Hohn avatar
Anthony Hohn is a litigation attorney at Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD. A Sioux Falls native, Anthony joined the firm in 2008 as a m...
Joseph M Wiltse avatar
Joseph M. Wiltse is one of 650+ attorneys at Ballard Spahr LLP, where he focuses his law practice in the areas of corporate law, real estate law, commercial law...
Jeff Cole avatar
Growing up on a farm Jeff Cole understood how hard it was to be a farmer so he decided he wanted to fight for farmers to get their fair share in our legal syste...
Roger Royse avatar
Roger Royse, the founder of the Royse Law Firm, works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of i...
Lindsey R Buchheit avatar
Prior to founding Buchheit Law (June, 2013), Lindsey worked as an attorney for two Sioux City law firms from 2007-2013. Lindsey is the President of the Siouxla...
Lindsay M. Harris avatar
Lindsay M. Harris is the owner and managing member of Harris Law & Co. She leads our succession planners in protecting every family and business we serve using ...
Eric J Ronke avatar
Eric began his journey to the legal field by working as a life insurance agent prior to returning to college. While working with a family that was struggling fi...
Brian Donahoe avatar
Born in South Dakota and raised in NW Iowa, I sought higher education back in South Dakota at SDSU. Following graduation there, I worked for a construction and ...

The decisions you make when you’re starting your new business are very important, and business formation is a necessary first step. Deciding whether your business will be organized as a sole proprietorship, limited partnership, joint venture, corporation, or limited liability company will determine the personal liability of the organization’s founders, whether double taxation may be incurred, and more. 

It is important that you consider hiring a South Dakota business formation lawyer to help you decide what business form is appropriate to meet your business’s needs and minimize the possible risk to your personal finances as you begin your new venture. When taking this step, it will help to know what a business formation attorney can do for you, when you should consider hiring one, and how you can choose a South Dakota business formation lawyer. 

What Is a Business Formation Lawyer?

A business formation lawyer in South Dakota is an attorney that specializes in business law and can, therefore, help you consider your business type options and come to a decision on what business form and strategy is most appropriate for minimizing the risk of personal liability and operating your business at maximum efficiency. Whether you’re starting a legal tech company, a manufacturing and sales business, or a service-oriented family business, you should consider hiring a business formation attorney in South Dakota to help you take the necessary steps to operate your business with minimum risk. 

What Does a Business Formation Attorney Do? 

A business formation attorney will provide legal services specific to the formation of your business. He or she will also help you consider the most important factors and circumstances surrounding the operation of your new business and choose the best business organization to suit your business’s needs. A business formation attorney can also advise on the next best steps for your existing business. What strategy and operating agreements your South Dakota business formation attorney helps you with will ultimately depend on your specific goals and preferences for the operation of your business. For example, the attorney can provide advice on what terms you and your other founders may want to include in your partnership agreement. 

When to Hire a Business Formation Lawyer in South Dakota 

Hiring a business formation lawyer can be a necessary early investment for your new organization. It is best to hire a business formation lawyer near you at the inception of your business before you take any major steps, such as registering your business. Selecting a suitable business structure should be one of the first decisions you make, and your business formation lawyer will help with this step. 

How to Find a Lawyer for Business Formation 

There are many lawyers for business formation in South Dakota. You should always make sure that your shortlist of lawyers is sourced from trusted places. Here are a few different ways to find business formation attorneys in South Dakota:

  • Referrals from an established business entity in your field—This is a great way to choose a lawyer because you know that the lawyer has experience in your specific field. You may wish to get referrals from other businesses through online forums or groups. 
  • Online legal directories—You can use lawyer directories to find business formation lawyers in South Dakota. This is a quick way to decide which lawyer you want to hire by filtering your search based on location, experience, and fees. 
  • Business conferences or events—A good inspiration for your business is to speak with like-minded individuals and your fellow businessmen. At events like this, you are likely to meet the best business formation lawyer in South Dakota. Be sure to gather their contact information so you can later set up consultations with each and determine which of their services you want to retain. 

How Do I Choose a Business Formation Attorney in South Dakota? 

Your business is important to you, and if you want it to grow steadily and be successful, you should carefully consider everyone you hire to contribute to it. Before you hire a lawyer for business formation in South Dakota, think about the following: 

  1. Experience—It is important that you hire a lawyer with significant experience in your specific area of law. Lawyers can specialize in many different areas, and your biggest area of concern for your business should inform the decision for which business formation attorneys in South Dakota you decide to work with. 
  2. Fee structure and rates—Considering that your business is new, you are unlikely to want to pay legal fees that are above the budget you have created for getting your business started. You should request information about how much the law firm will charge if you engage their services and the cost of your initial consultation before you decide whether your new business can afford the attorney’s services. 
  3. Communication—It is vital for your attorney client relationship that, from the inception of your business, your lawyer is easily accessible to you. Naturally, you may have many questions, or your lawyer may need to communicate important updates with you. You should discuss and agree on the preferred method of communication prior to hiring the attorney. 

How Much Does the Average Business Formation Lawyer Cost in South Dakota? 

The cost of a business formation attorney will vary from state to state, and rates vary based on the lawyer’s location and experience. However, the average rate for a business lawyer is between $100 and $400 per hour. 

Do Business Formation Attorneys Usually Charge for Consultations? 

A business formation attorney is likely to charge a consultation fee for that first meeting. The initial consultation may be billed at the lawyer’s regular hourly rate or a reduced consultation fee. 

Frequently Asked Questions

Should I hire a lawyer if my business is small?

Any successful business will require a lawyer at some point. You will want to hire a lawyer to help you with your business incorporation and other aspects of the formation of the business, as well as other issues you may face in the future. 

What is a corporation?

A corporation is a legal entity that is distinct from its owners but enjoys many rights similar to an individual. Consult a business formation attorney in South Dakota to determine what kind of corporation your business should be.

Is a business formation lawyer the same as a business lawyer?

A business formation lawyer is a business lawyer who specializes in that particular area of business. It is likely that your business formation lawyer can continue on as legal counsel for your business needs.