A limited liability company operating agreement is not required in South Dakota, though implementing this into the business structure of your entity could prove to be quite useful. This document will clearly define the rules and regulations that your entity will operate under. Having this agreement set in place between managing members will give you legal backing if future disputes, whether big or small, arise within your business. Take a moment to view the free template that we have provided, along with the assistance of legal counsel, to see if adopting an operating agreement can benefit your company. We have provided this document in both MS Word and Adobe PDF formats, linked at the top of this page and on the picture shown below.