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.
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.
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.
 Single-Member LLC Operating Agreement – A contract used by an LLC with only one member.
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 Multi-Member LLC Operating Agreement – This agreement is for LLCs with more than one member.
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