South Dakota HB1096 allows for the direct creation of a limited liability limited partnership.

South Dakota HB1096 amends the state's Uniform Partnership Act to allow for the direct creation of a limited liability limited partnership. An existing limited partnership can qualify as a limited liability limited partnership by obtaining approval to amend its terms. Alternatively, a new limited liability limited partnership can be formed by filing a certificate with the secretary of state. The certificate must include the partnership's name, address, and an election to be a limited liability limited partnership.

South Dakota HB1096 allows for the direct creation of a limited liability limited partnership.

South Dakota HB1096 amends the state's Uniform Partnership Act to allow for the direct creation of a limited liability limited partnership. An existing limited partnership can qualify as a limited liability limited partnership by obtaining approval to amend its terms. Alternatively, a new limited liability limited partnership can be formed by filing a certificate with the secretary of state. The certificate must include the partnership's name, address, and an election to be a limited liability limited partnership.