-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001477731-10-000002.txt : 20100310
<SEC-HEADER>0001477731-10-000002.hdr.sgml : 20100310
<ACCEPTANCE-DATETIME>20100310132303
ACCESSION NUMBER:		0001477731-10-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 504(b)(1) (not (i), (ii) or (iii))
ITEM INFORMATION:		Rule 504(b)(1)(i)
ITEM INFORMATION:		Rule 504(b)(1)(ii)
ITEM INFORMATION:		Rule 504(b)(1)(iii)
ITEM INFORMATION:		Rule 505
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Securities Act Section 4(6)
FILED AS OF DATE:		20100310
DATE AS OF CHANGE:		20100310
EFFECTIVENESS DATE:		20100310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sawtooth Capital LLC
		CENTRAL INDEX KEY:			0001477731
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0110

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-136588
		FILM NUMBER:		10669820

	BUSINESS ADDRESS:	
		STREET 1:		19 FRONT STREET
		STREET 2:		SUITE 3N
		CITY:			NEWBURGH
		STATE:			NY
		ZIP:			12550
		BUSINESS PHONE:		(202) 386-8223

	MAIL ADDRESS:	
		STREET 1:		19 FRONT STREET
		STREET 2:		SUITE 3N
		CITY:			NEWBURGH
		STATE:			NY
		ZIP:			12550
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001477731</cik>
        <entityName>Sawtooth Capital LLC</entityName>
        <issuerAddress>
            <street1>19 FRONT STREET</street1>
            <street2>SUITE 3N</street2>
            <city>NEWBURGH</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>12550</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(202) 386-8223</issuerPhoneNumber>
        <jurisdictionOfInc>NEW YORK</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brud</firstName>
                <middleName>Rudolph</middleName>
                <lastName>Rossmann</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>19 Front Street</street1>
                <street2>Suite 3N</street2>
                <city>Newburgh</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>12550</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member, President, Treasurer, Founding Member as of 12/3/09</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dominic</firstName>
                <middleName>Joseph</middleName>
                <lastName>Cornelius</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>16 Cedar Street</street1>
                <city>Catskill</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>12414</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Founding Member, Vice-President, Secretary as of 12/3/09</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investment Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>04</item>
            <item>05</item>
            <item>04.1</item>
            <item>06</item>
            <item>04.2</item>
            <item>46</item>
            <item>04.3</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001477731-09-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-11-20</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Restricted, participating interests in certificated Member units of newly-formed LLC issued/assigned for future labor services or other consideration, incl non-Member ints (BRR/MM update:  NOT &quot;security&quot; '33 Act, MM's updated view,analysis,MM mail to SEC)</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse>There may be related issuances/resales for acquired business interests, but business interests to date under contingent contrib. to capital (95%) with 5% matching cash option/perfection pmt, funding MM's efforts to define/dev VA-based capit., rev. model.</clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>900000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Est.Committed cash equity/PG-debt/contingent RE/other interests, as cap. contributions/assets est. value, not SOLD nor offered as sec.; all Certif. Unit. Interests (Member/NM) issued/assigned vs future labor in part/whole: issued NM-ints 12/09 priced $900</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>12</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>13</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>None to date; this may change, but MM/BRR's position is LLC interests are NOT securities for 33 Act purposes on 3/10; this Form D filed to put public on NOTICE that capitalization contingencies, litigation pricing, changed rev. model= non-securities</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>3/10/10 update:  $350K MM/staff salary/year previously scoped, now on hold as &quot;go private&quot; , and non-security status of LLC interests under '33 Act determination of the sole MM (BRR), as of 3/10,(Howey Test/Series A terms/rev model impairment):non-sec cap</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Sawtooth Capital LLC</issuerName>
                <signatureName>Brud Rossmann</signatureName>
                <nameOfSigner>Brud Rudolph Rossmann</nameOfSigner>
                <signatureTitle>Managing Member, President, Treasurer</signatureTitle>
                <signatureDate>2010-03-10</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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