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| Be Unique: | Use A Legal Designator: | Stay Honest: |
|---|---|---|
Under SDCL § 47-34A-105, a South Dakota LLC name must include "Limited Liability Company" or an approved abbreviation (LLC, L.L.C., LC, or L.C.) and be distinguishable from other registered business names. [4] | Your name must end in "Limited Liability Company," "LLC," "L.L.C.," "LC," or "L.C." | Your name cannot imply a connection to a government agency or suggest regulated services like banking, insurance, or trust activities unless your business holds the appropriate licenses. |

General Business Information | States your LLC's official name, principal address, and whether it has a perpetual or fixed duration as registered with the South Dakota Secretary of State. |
Management Structure | Defines whether the LLC is member-managed or manager-managed, and outlines who holds signing authority for contracts and major financial decisions. |
Tax Designation | Formally states how your LLC is taxed: sole proprietorship, partnership, S Corp, or C Corp. This section should also outline the process for changing that tax status later if needed. |
Member Information & Ownership | Lists each member's name, address, ownership percentage, and initial capital contribution. This is the definitive internal ownership record for your LLC. |
Decision Making & Voting | Sets the threshold for major business decisions and defines whether a simple majority or unanimous vote is required for actions like admitting a new member or taking on significant debt. |
Membership Changes (Buy-Sell) | Outlines what happens when a member wants to leave, sell their interest, or is no longer able to participate. This protects business continuity during ownership transitions. |
LLC Dissolution | Provides a clear process for winding down the business, settling debts, distributing remaining assets, and filing Articles of Termination with the South Dakota Secretary of State. |