South Dakota LLC Operating Agreement Template

A South Dakota LLC operating agreement is a limited liability company’s governing contract that outlines the structure and internal affairs of the company. The agreement contains provisions such as the division of ownership, management and voting rights, capital contributions, distributions, and the dissolution of the company.

South Dakota LLC Operating Agreement Template

Last updated October 14th, 2025

A South Dakota LLC operating agreement is a limited liability company’s governing contract that outlines the structure and internal affairs of the company. The agreement contains provisions such as the division of ownership, management and voting rights, capital contributions, distributions, and the dissolution of the company.

Is an Operating Agreement Required?

No – According to state law, executing an operating agreement is optional. However, without one, the LLC will be managed by the state’s default rules.

Types (2)

Single-Member LLC Operating Agreement – A contract used by an LLC with only one member.

 

Download: PDF, Word, ODT

Multi-Member LLC Operating Agreement – This agreement is for LLCs with more than one member.

 

Download: PDF, Word, ODT

Operating Agreement (Preview)