A South Dakota single-member LLC operating agreement is a legal document a sole business owner writes to formalize the procedures, policies, and structure of their limited liability company. They create this document to facilitate their company’s functioning and conduct their operations as smoothly as possible.
The state doesn’t require the creation of this document, but it can help legally separate personal and business assets and liabilities. This way, if financial hardships or legal challenges arise with the company, the owner can have protection from personal liability.
Legal Considerations
Statute: Chapter 47-34A – Uniform Limited Liability Company Act.
