5 Benefits to Starting a South Dakota Limited Liability Company

In South Dakota, a limited liability company (LLC) is a legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.

Here are five practical tips for establishing a LLC in South Dakota:

  1. Creating a LLC includes the filing of articles of organization and the drafting of an operating agreement
  2. Creating a LLC will limit your personal liability
  3. Creating a LLC helps clarify ownership and makes accounting easier
  4. Creating a LlC simplifies business transfer and succession planning
  5. Creating a LLC allows for beneficial tax considerations