What type of disclosure must I make to my customers?
In South Dakota, small business owners who sell goods or services must ensure that customers receive accurate information about their company. Disclosure requirements help ensure that customers make informed decisions when buying goods or services. Business owners in South Dakota must, by law, inform customers about the business itself. This includes the business name, physical address, and email address. If the business also has a website, the URL must also be disclosed. Businesses must also disclose any payment policies, return and exchange policies, and warranty information. Businesses in South Dakota are also required to provide a disclosure about any fees related to goods or services. This includes fees associated with sales taxes, delivery, processing, and shipping. Businesses must also disclose any terms or conditions surrounding the sale. Finally, if a business is part of a franchise, all franchise fees must be disclosed so that customers know what they are paying for. Likewise, if a business is using a third-party provider, such as a payment processor, those details must be disclosed as well. In summary, South Dakota small business owners must disclose information about their business, fees related to goods and services, and any third-party services they may be using. This helps to ensure that customers have all the necessary information to make an informed decision when buying goods or services.
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