Shantel Krebs is in the news this weekend after taking office as the incoming Secretary of State. The Rapid City Journal noted Krebs is determined to make South Dakota a haven for corporate registrations.
The idea had been actively explored by Secretary Gant during his tenure, including discussions with outgoing House Majority Leader David Lust, but was shelved in the face of what was determined to be significant cost to create a business court system to mirror Delaware's model. In today's article it posits that those costs could be minor, but even if that's found to be true, it still represents an expansion of the SOS budget which could a be hurdle with traditionally tight-fisted legislators.
The concept does have the potential of bringing in a tremendous revenue stream from outside parties to the State of South Dakota. However, given that it will require a new court system, as well as other unforeseen expenses and infrastructure to pull off, it may remain "a bridge too far" for South Dakotans to cross.
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