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South Dakota Partnership Agreement

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South Dakota Partnership Agreement

Updated March 19, 2024

A South Dakota partnership agreement is a contract that lays out how a business operates under two or more parties. It normally details duration, ownership interests, liabilities, dispute resolution, and dissolution. The content must be thorough to limit future confusion.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2]
  • Limited Liability Partnership (LLP)[3]
  • Limited Liability Limited Partnership (LLLP)[4]
  • Limited Liability Companies (LLC)[5]

Sources

  1. § 48-7A-901 – § 48-7A-903, § 48-7A-906
  2. Chapter 48-7A, Article 9 (§§ 901-908)
  3. Chapter 48-7A, Article 10 (§§ 1001-1004.1)
  4. § 48-7-1106
  5. Chapter 47-34A (§§ 101-1207)