South Dakota offers Business Tax Advantages!

Monday, November 21, 2016

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Owning and operating a business can be challenging. If you own a business or are thinking about starting one, you’re well of aware of the need to capitalize on any advantages available. Paying lower taxes is one of those advantages, and South Dakota offers some of the lowest rates in the entire country!

According to the Tax Foundation’s 2015 State Tax Index, South Dakota ranks 2nd in the nation for state business tax climate. There are no corporate or individual income taxes, giving businesses based in the state some pretty major advantages. Not to mention, smaller towns like De Smet offer a capable workforce with a strong work ethic. It’s a winning combination for businesses based in rural South Dakota!

If you’re planning on starting or relocating a business, De Smet could be just the place you’re looking for! You can find a long list of business incentives and resources on the City of De Smet website. To have a look at what’s available, click on the following link:

Category: State; Tax; Economic Development