What type of legal documents should I keep on file?

When running a small business in South Dakota, there are a number of legal documents that should be kept on file for both compliance and protection of the business. First, any business formation documents, such as articles of incorporation, should be kept on file. This will include any documents that were filed with the state in order to form the business. This will also include any documents pertaining to ownership of the business. Additionally, companies should keep accurate and up-to-date records of any contracts signed with vendors, clients, or employees. This includes employment agreements, purchase agreements, and any other documents that are legally binding to both parties. Lastly, any documents related to taxes or finances should be kept on file. This could include 1099 forms, quarterly payments to the state, or other financial documents. By keeping these documents in a safe and secure place, small business owners in South Dakota can ensure that their business is compliant with the law and protected from any potential legal action.

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What type of legal documents should I keep on file?

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