A South Dakota LLC operating agreement provides a blueprint for the operation of a Limited Liability Company, highlighting rules and policies. The contract consolidates member responsibilities, financial distributions/investments, and general operational particulars.
Does South Dakota Require an Operating Agreement?
No, but it is highly recommended. Liability is further safeguarded by having an operating agreement in place, and it can additionally serve to regulate a company’s overall organizational appearance.
By Type (2)
Multi-Member LLC Operating Agreement
– Produces a formal register to secure a concrete understanding of the management of an LLC with multiple members.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Qualifies the designated operations structure related to an LLC with a sole owing individual.
Download: Adobe PDF, MS Word (.docx)