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South DakotaSouth Dakotan LLC operating agreement template - free, customizable, attorney-reviewed structure.
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Operating agreement template for South Dakota LLCs

South Dakotan LLC operating agreement template.

Free customizable operating agreement designed for South Dakotan LLCs. Includes state-specific provisions, customize bracketed fields, and download in seconds. In South Dakota, an operating agreement is not legally required by statute, but is strongly recommended.

South Dakotan LLC quick facts

Key state filing details.

Filing fee
$150

Cost to file Articles of Organization with the South Dakota Secretary of State.

Processing time
3-5 business days

Typical South Dakota state filing turnaround for new LLC formation.

Annual report
$50 · Anniversary month

Ongoing state compliance filing required to maintain good standing.

State authority
sdsos.gov

Where South Dakotan LLC filings are submitted and stored.

Tax treatment
South Dakota

no state income tax; annual report only.

What goes in a South Dakotan operating agreement

Standard sections.

01

Formation

States that the LLC is formed under South Dakota law. References the Articles of Organization filed with the South Dakota Secretary of State.

02

Purpose

Business purpose. Most South Dakotan LLCs use broad "any lawful business" language.

03

Members and ownership

Lists each member by name, address, ownership percentage, and capital contribution.

04

Management

Member-managed or manager-managed. South Dakota default rules apply absent operating agreement.

05

Distributions and allocations

How profits and losses are allocated; when distributions are made; tax distributions.

06

Voting

Decision thresholds for ordinary business vs major decisions (admit members, sale, dissolution).

07

Transfer restrictions

Right of first refusal on member transfers. Drag-along and tag-along rights.

08

Buy-sell on departure

What happens on death, disability, divorce, bankruptcy, or voluntary withdrawal.

09

Dissolution

Events triggering dissolution. Wind-up procedures under South Dakota law.

10

Governing law

South Dakota law governs the operating agreement.

FAQ

South Dakotan operating agreement questions.

Is an operating agreement required in South Dakota?
In South Dakota, an LLC operating agreement is not legally required by statute, but is strongly recommended. Banks, lenders, and counterparties typically expect to see one regardless of state requirements.
What does it cost to form an LLC in South Dakota?
The South Dakotan LLC filing fee is $150. Annual report (where required) is $50.
How long does South Dakotan LLC formation take?
South Dakota state processing is typically 3-5 business days.
Where do I file the operating agreement?
Nowhere. The operating agreement is an internal document not filed with the South Dakota Secretary of State. Only Articles of Organization are filed publicly.
Can I use this template if I plan to elect S-Corp tax status?
Yes. The template is compatible with S-Corp election. Update the tax classification provision when you file Form 2553.
What if I have multiple members?
Use the multi-member template instead. It covers ownership splits, voting, buy-sell, and transfer restrictions for South Dakotan LLCs with two or more members.
Does this need to be notarized in South Dakota?
Generally no. South Dakotan operating agreements are typically signed and stored without notarization. Some banks may request notarization for their records.
What if my LLC operates in multiple states?
Form in South Dakota, then file foreign qualification in each other state. The operating agreement remains the same; the entity registers as a foreign LLC in each additional state.

Form your South Dakotan LLC.

$0 service fee. $150 South Dakota state fee. EIN, BOI, and registered agent included.

Template is educational. Specific situations may require attorney review.

How it works

How we deliver, end-to-end.

Four-step path from request to confirmation. State and IRS turnaround varies; our steps run in parallel where possible to compress the timeline.

1

Intake + scope

You tell us what you need through a short intake form (or a call for complex matters). We confirm scope, surface any gating issues (deadlines, missing documents, entity status), and quote any state fees that pass through at cost.

2

Prepare + verify

Our specialists draft the filing, verify entity details against state databases, run internal QA, and route any items needing your sign-off. You see drafts before anything gets submitted.

3

File with the authority

We submit directly to the state Secretary of State, FinCEN, IRS, USPTO, or whichever authority your filing requires. We pay state fees at cost and track the submission identifier in your account.

4

Confirmation + vault

Stamped certificate, IRS notice, or filing receipt arrives in your SOC 2 encrypted document vault the moment we receive it. Next filing deadline auto-added to your compliance calendar where applicable.

Start your business in the next 5 minutes.

No state-fee markup. Pay only the state fee. 60-day money-back guarantee.

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