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Business Organization

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Business and Non-Profit Organizations

Establishing and operating a business is never easy, especially when you consider the number of options that exist for structuring business organizations. Our business organization practice group has the expertise to advise for-profit business owners on the most beneficial structures for their business operations based on their unique needs and goals:

  • Limited liability companies (LLCs)
  • General partnerships, limited partnerships (LPs), and limited liability partnerships (LLPs)
  • Joint ventures and strategic alliances
  • C corporations and S corporations
  • Cooperatives

Establishing and operating non-profit enterprises is a complicated process. Compliance with state laws and IRS regulations is critical to obtaining and complying with non-profit requirements. Structuring the rights and responsibilities of members and boards includes drafting and approving:

  • Articles of incorporation
  • Bylaws
  • Conflict of interest statements
  • IRS filings

Upon selection of the right structure, we develop documentation to make sure the organization’s governance is legally appropriate and consistent with the organization’s objectives:

  • Articles of incorporation, articles of organization, and statements of qualification
  • Bylaws, partnership agreements, and operating agreements
  • Shareholder agreements and buy-sell agreements
  • Founders’ agreement and other investor agreements

Interested about doing business in South Dakota? Download our Woods Fuller Resource Guide.   

Doing Business in South Dakota