Who should form a limited liability company in South Dakota?

You should consider forming a limited liability company ("LLC") if you are concerned about personal exposure to lawsuits or debts arising from your business.  For example, if you decide to open a business that deals directly with the public, you may worry that your commercial liability insurance won't fully protect your personal assets from potential slip-and-fall lawsuits or claims by your suppliers for unpaid bills.  Running your business as an LLC may help you sleep better, because it gives you personal protection against these and other potential claims against your business.