South Dakota Amended Equity Fund Partnership Agreement

State:
Multi-State
Control #:
US-PE-D1AM
Format:
Word; 
Rich Text
Instant download

Description

This is a sample private equity company form, an Equity Fund Partnership Agreement. Available in Word format.
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FAQ

51A-17-4. License to engage in business of money transmission required. No person, other than a person who is exempt under § 51A-17-3, may engage in the business of money transmission in this state without obtaining a license in ance with this chapter and undergoing a criminal background investigation.

In South Dakota partnerships are generally taxed as pass-through entities, meaning the profit and losses from the businesses pass directly into the partners' personal incomes.

LLC operating agreements contain rules and procedures for operating a South Dakota LLC. Your operating agreement should be kept on file at your business location. An operating agreement is not required in South Dakota state but can still be important when starting an LLC.

General partnership (GP) Any profits and losses from the partnership are taken into account on the individual partners' income tax returns while the business itself often pays no separate income tax. Because South Dakota has no individual state income tax, tax liability for partnerships may be delightfully small.

Only marriage between a man and a woman shall be valid or recognized in South Dakota. The uniting of two or more persons in a civil union, domestic partnership, or other quasi-marital relationship shall not be valid or recognized in South Dakota.

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South Dakota Amended Equity Fund Partnership Agreement