South Dakota Business Startup Guides

Open a Business in Yankton, South Dakota

Need help starting a business in Yankton, South Dakota? We've got the information you need to open a business in Yankton.

Yankton, South Dakota Demographic Information

Yankton has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Yankton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Yankton.

Business Size
# of
Businesses
1-4 Employees
1066
5-9 Employees
396
10-19 Employees
300
20-49 Employees
150
50-99 Employees
42
100-249 Employees
33
250-499 Employees
15
500-999 Employees
3
1000+ Employees
0
All Yankton Businesses
2005

As a new Yankton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Yankton for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.

Business Type
# of
Businesses
Aluminum Extruded Product Manufacturing
1
Amusement Arcades
1
Animal (except Poultry) Slaughtering
1
Architectural Services
1
Automotive Exhaust System Repair
1
Automotive Glass Replacement Shops
3
Automotive Parts and Accessories Stores
7
Automotive Transmission Repair
3
Beauty Salons
4
Beer and Ale Merchant Wholesalers
1
Beer, Wine, and Liquor Stores
4
Bowling Centers
1
Business Associations
2
Cable and Other Program Distribution
1
Canvas and Related Product Mills
1
Casinos (except Casino Hotels)
1
Child and Youth Services
2
Child Day Care Services
7
Claims Adjusting
1
Clothing Accessories Stores
1
Coin-Operated Laundries and Drycleaners
2
Collection Agencies
2
Commercial Lithographic Printing
2
Computer and Software Stores
2
Construction Machinery Manufacturing
2
Convenience Stores
1
Credit Unions
2
Crop Harvesting, Primarily by Machine
1
Custom Computer Programming Services
1
Discount Department Stores
2
Dog and Cat Food Manufacturing
1
Drinking Places (Alcoholic Beverages)
5
Electric Power Distribution
2
Electrical Contractors
10
Elementary and Secondary Schools
1
Engineering Services
6
Family Clothing Stores
1
Farm Product Warehousing and Storage
1
Farm Supplies Merchant Wholesalers
6
Finish Carpentry Contractors
3
Fitness and Recreational Sports Centers
1
Floor Covering Stores
3
Florists
1
Food (Health) Supplement Stores
1
Food Service Contractors
1
Framing Contractors
1
Full-Service Restaurants
18
Funeral Homes and Funeral Services
1
Furniture Stores
3
General Automotive Repair
10
General Freight Trucking, Local
2
General Medical and Surgical Hospitals
1
General Rental Centers
1
Glass and Glazing Contractors
1
Golf Courses and Country Clubs
1
Hardware Stores
1
Home Health Care Services
1
Home Health Equipment Rental
1
Homes for the Elderly
1
Household Appliance Stores
4
Insurance Agencies and Brokerages
26
Investment Advice
1
Janitorial Services
7
Jewelry Stores
2
Landscaping Services
2
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
16
Machine Shops
2
Marinas
2
Marketing Consulting Services
2
Masonry Contractors
2
Meat Markets
1
Medical Laboratories
1
Motor Vehicle Body Manufacturing
1
Museums
1
Musical Instrument and Supplies Stores
1
New Car Dealers
5
New Housing Operative Builders
2
News Dealers and Newsstands
1
Newspaper Publishers
2
Nursing Care Facilities
1
Office Equipment Merchant Wholesalers
2
Offices of Certified Public Accountants
4
Offices of Chiropractors
4
Offices of Dentists
8
Offices of Lawyers
15
Offices of Optometrists
4
Offices of Other Holding Companies
1
Offices of Real Estate Appraisers
1
One-Hour Photofinishing
1
Paint and Wallpaper Stores
1
Painting and Wall Covering Contractors
3
Periodical Publishers
1
Pet and Pet Supplies Stores
2
Pet Care (except Veterinary) Services
2
Pharmacies and Drug Stores
3
Photography Studios, Portrait
2
Portfolio Management
1
Quick Printing
1
Radio Networks
1
Radio Stations
5
Ready-Mix Concrete Manufacturing
1
Recreational Vehicle Dealers
2
Residential Remodelers
12
Roofing Contractors
3
Savings Institutions
2
Securities Brokerage
3
Security Guards and Patrol Services
2
Shoe Stores
4
Snack and Nonalcoholic Beverage Bars
4
Solid Waste Collection
2
Sporting Goods Stores
5
Tax Preparation Services
2
Telemarketing Bureaus
1
Temporary Help Services
1
Temporary Shelters
1
Theater Companies and Dinner Theaters
1
Tire Dealers
2
Title Abstract and Settlement Offices
1
Tour Operators
1
Travel Trailer and Camper Manufacturing
1
Truck Trailer Manufacturing
1
Used Car Dealers
2
Vending Machine Operators
2
Veterinary Services
3
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
2
Women's Clothing Stores
5

Have You Considered Buying an Existing Yankton Business?

An excellent way to get started in business is to Buy a Business in South Dakota. Follow that link and you might discover several good businesses for sale in Yankton.

If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Company

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are opening a business in Yankton, it's imperative that you check now that no other South Dakota company is using the business name you want to use.

Forming a Company in Yankton, South Dakota

It's very important that you choose the right legal structure for your new entity. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in South Dakota, you don't necessarily have to incorporate in South Dakota. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Subchapter S Corporations. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Yankton, South Dakota, our information on Incorporating in South Dakota may be a useful resource if you decide to incorporate in South Dakota.

Don't Skip the Business Plan

A business plan is vital in maximizing the prospects of your new company. Indeed, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Reasons to Write a Business Plan. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in South Dakota.

How to Improve Your Entrepreneurial Abilities

The best business owners recognize that they need to continually improve.

As an entrepreneur who lives in Yankton, South Dakota, you will want to take advantage of the many programs available at nearby South Dakota universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Yankton entrepreneurs.

Next Steps

Most new Yankton businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Yankton and elsewhere to achieve real success. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Yankton, South Dakota

Here are more links that we believe will help you be successful in starting a business in Yankton.

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