You may find it beneficial to incorporate a partnership agreement into the business structure of your new entity. This document will allow you to define various roles and responsibilities of your business’s managing members. This agreement is not legally obligatory in South Dakota, therefore you will not need to file with the state. We do recommend, however, that you take a moment to review the free template we have provided, along with the assistance of legal counsel, to consider the benefits of implementing this within your entity. If you would like to download this agreement, available in both MS Word format and Adobe PDF, you may do so by selecting either of the links at the top of the page. Alternatively, you can click on the picture shown below.