South Dakota does not authorize Series LLCs. Here is what to do instead.
South Dakota has not statutorily authorized the Series LLC structure. Founders looking for the asset-segregation benefits of a Series LLC have three practical alternatives: standalone LLCs per asset, parent-subsidiary structure, or a Series LLC formed in a state that authorizes them (typically Delaware, Texas, Illinois, or Nevada) with foreign qualification into South Dakota.
Discuss alternatives →Three alternatives for South Dakota founders
Form a separate South Dakota LLC for each property or risk pool. Cleanest structure, full asset protection, but higher cost per entity.
A holding LLC owns multiple operating subsidiaries. Each subsidiary owns one asset or business line. Common for real estate and multi-brand operations.
Form the Series LLC in a state that authorizes them (Delaware, Texas, Illinois, Nevada), then foreign-qualify in South Dakota. Inter-series protection works in the home state; respect by South Dakota courts is uncertain.
Up a level, or across to the neighbors.
Series LLC by state
The national explainer above this page: what changes between jurisdictions, and why.
Open the hub → SectionSecretary of State directory
Every filing the state business office takes, state by state.
Open the section → StateSouth Dakota business filings
Every filing a business makes in South Dakota, gathered on one page.
Open South Dakota → In South DakotaEntity conversion in South Dakota
Entity conversion, state by state
Read the guide → In South DakotaSales Tax Permit in South Dakota
Sales tax permits, state by state
Read the guide → In South DakotaSecretary of State reinstatement in South Dakota
Reinstatement, state by state
Read the guide → In South DakotaSecretary of State dissolution in South Dakota
Secretary of State dissolution, state by state
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