The South Dakota single-member limited liability company operating agreement is a written record that details the identity and the powers of the only member, or owner, of the South Dakota company. This paperwork does not need to be filed with any South Dakota state office but may often be called upon to perform functions such as opening a company bank account or acquiring a business loan.
South Dakota members of this type of entity are often encouraged to ensure their agreement is well-rounded by defining items such as the member’s financial responsibilities to the company and vice versa. This contract is considered vital to a South Dakota limited liability company’s structure. It thus should be executed with deliberation by a well-informed sole member who is abreast of the current laws.
Templates (5)
eForms.com Version
NorthwestRegisteredAgent.com Version
LLCUniversity.com Version
eSign.com Version
HowToStartAnLLC.com Version
