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.
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- Legal Framework
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