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Enacted

South Dakota authorizes direct formation of limited liability limited partnerships starting January 2027

Original title: allow for the direct creation of a limited liability limited partnership.

Last action · March 4, 2026: Signed by the GovernorSponsors: Will Mortenson and 1 other

Introduced
Committee
Floor Vote
Passed
Law

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

South Dakota now allows businesses to directly form a by filing a certificate with the secretary of state, taking effect January 1, 2027. Previously, businesses had to convert an existing limited partnership rather than creating one directly.

Why it matters

Business owners and entrepreneurs organizing new commercial ventures gain a new legal entity structure option directly under state law beginning in 2027.

Background
  • Limited liability limited partnerships combine the liability shield of limited partnerships with liability protections for general partners. context

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Business owners and partners

Entrepreneurs and partners gain the legal option to form a limited liability limited partnership directly rather than converting an existing partnership.

Directly affected

Secretary of State

The office is tasked with receiving certificates of limited liability limited partnership and statements of qualification.

Key Facts

  • A limited liability limited partnership may be formed directly by delivering a certificate of limited liability limited partnership to the secretary of state.
  • The name of the partnership must end with the words 'Registered Limited Liability Limited Partnership,' the abbreviation 'L.L.L.P.,' or the designation 'LLLP.'
  • The certificate must include the street address of the chief executive office and, if applicable, an office within the state.
  • The Act takes effect on January 1, 2027.
Show all 5 facts
  • Existing limited partnerships can still qualify as limited liability limited partnerships by obtaining necessary partner approval and filing a statement of qualification.

Frequently Asked Questions

How do I form a limited liability limited partnership under this law?
You can form one directly by delivering a certificate of to the secretary of state, or by qualifying an existing limited partnership through partner approval and a .
What naming requirements apply to these partnerships?
The last words or letters of the partnership's name must be 'Registered ,' 'L.L.L.P.,' or 'LLLP.'
When does this new law take effect?
The Act becomes effective on January 1, 2027.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Current status: Signed into law.

Procedural history

17 actions
  1. Mar 4, 2026HouseEnrolled
    Signed by the Governor
  2. Mar 3, 2026HouseEnrolled
    Delivered to the Governor
  3. Mar 2, 2026Senate
    Signed by the President
  4. Feb 26, 2026House
    Signed by the Speaker
  5. Feb 25, 2026SenateCommittee
    Do Pass Amended
  6. Feb 24, 2026Senate
    Certified uncontested, placed on consent
Show 11 earlier actions
  1. Feb 24, 2026SenateCommittee
    Do Pass
  2. Feb 24, 2026Senate
    Scheduled for hearing
  3. Jan 29, 2026SenateCommittee
    Referred to
  4. Jan 28, 2026SenateIntroduced
    First Reading Senate
  5. Jan 27, 2026HouseCommittee
    Do Pass Amended
  6. Jan 27, 2026House
    Motion to amend
  7. Jan 26, 2026House
    Remove from Consent Calendar
  8. Jan 23, 2026House
    Certified uncontested, placed on consent
  9. Jan 23, 2026HouseCommittee
    Do Pass
  10. Jan 23, 2026House
    Scheduled for hearing
  11. Jan 20, 2026HouseIntroduced
    First read in House and referred to

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Voting Record

Motion succeededHouse1/27/2026South Dakota LegislatureOfficial roll call ↗

Do Pass Amended

Total

70

Yes
66
No
0
Present
0
Not voting
0
Abstain
0
Other positions
4

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Direct Entity Formation

The legislation removes the procedural hurdle of requiring an existing limited partnership to convert, permitting direct creation from inception.

Connected Entities

Secretary of State, South Dakota Legislature
OrganizationSecretary of State“Receives certificates of limited liability limited partnership”Map →
OrganizationSouth Dakota Legislature“Enacting body for HB 1096”Map →

Sources

Open source document

sdlegislature.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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