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- [Narrator] Coming up with a business name is one of the most important steps in forming a business. Your name affects your branding and your image as a company. Letamp;#39;s get you started on the right path to picking a solid business name in South Dakota. South Dakota is an excellent place to form a new business. Not only does it have some of the lowest tax burden in the nation, it also boasts the number one lowest business cost in the US. Every state has slightly different requirements for naming a business. Follow along closely to learn the required steps to name a business in the State of South Dakota. In this video, we will go over how to name your business based on your business structure, branding and brainstorming business names and how to check your names availability. Be sure to ask yourself the seven essential questions we provide before you make this critical business decision. (gentle music) - One, choose a business structure. Youamp;#39;ll need to determine your comp