Marcia Hultman

Cabinet Secretary

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Securities Regulation

Business Opportunity Registration

All businesses must file or be exempt from filing prior to making any offers or sales in South Dakota.

Business Opportunity Law

Business Opportunity Registration

Business Opportunity Renewal

Business Opportunity Law

See South Dakota Codified Law (SDCL) 37-25A.

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Business Opportunity Registration

To register a business opportunity, the seller must file with the director the following:

  1. A disclosure document prepared pursuant to SDCL 37-25A-15;
  2. A fee of $100 pursuant to SDCL 37-25A-10; and
  3. A consent to service of process pursuant to SDCL 37-25A-9. Download form BU-2.

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Business Opportunity Renewal

A registration is effective one year from the date of effectiveness and may be renewed annually. A current disclosure document pursuant to SDCL 37-25A-15 must be submitted with a fee of $50 pursuant to SDCL 37-25A-12. Failure to renew upon the close of the one-year period shall result in the expiration of the registration.

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If you have questions, please contact Melita Hauge using the Contact Us information provided.

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