The bill amends the existing law regarding the filing date for annual reports by limited liability companies and limited liability partnerships in South Dakota. It specifies that the first annual report must be delivered to the Office of the Secretary of State by January 31 of the year following the year in which the entity was authorized to transact business. For entities authorized during January, the report is due by January 31 of the ensuing year. All subsequent annual reports must also be submitted by January 31 each year.

Additionally, the bill clarifies that the previous requirement for the first annual report to be delivered before the first day of the second month of the year following authorization is removed. The new provisions will take effect on January 1, 2027, ensuring that all limited liability companies and partnerships adhere to the updated timeline for their annual report submissions.

Statutes affected:
Introduced, 01/21/2026: 59-11-25
House State Affairs Engrossed, 01/23/2026: 59-11-25
House Engrossed, 01/27/2026: 59-11-25