South Dakota LLC Operating Agreement

South Dakota LLC operating agreements can be an invaluable tool since they establish a company’s membership hierarchy, benefits, and requirements. Further, this contract can enforce an LLC’s legitimacy before third parties and government entities.

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Last updated December 6th, 2024

South Dakota LLC operating agreements can be an invaluable tool since they establish a company’s membership hierarchy, benefits, and requirements. Further, this contract can enforce an LLC’s legitimacy before third parties and government entities.

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Is it Required in South Dakota?

No, a South Dakota LLC can conduct its affairs and business as such without an operating agreement since no state laws demand one however, LLCs are encouraged to adopt one in writing early on. (South Dakota Codified Laws 47-34A-103)

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State Definition

“Operating agreements” are the statutes, definitions, power structure, and policies that a company’s owners, managers, and members acknowledge and accept to run their company under;

South Dakota Codified Laws 47-34A-101