House Bill 1109, effective July 1, 2020, amends the LLC law regarding the liabilities of members and managers.
House Bill 1114, effective July 1, 2020, authorizes additional abbreviations in naming corporations, limited liability companies, and limited liability partnerships.
South Dakota – Sales Tax on Remote Sellers
South Dakota v. Wayfair, No. 17-494, decided 6/21/18. The U.S. Supreme Court, in a 5-4 decision, upheld the Constitutionality of a South Dakota statute that requires out-of-state sellers that meet certain minimum sales or transaction thresholds to collect and remit sales taxes, even if they have no physical presence in the state. The Court stated that the physical presence rule of Quill Corp. v. North Dakota was unsound and incorrect and no longer controlling precedent.