When filing a Missouri LLC, you must name in accordance with some regulations stipulated by the state.
The actual business name must contain the word ‘Limited Liability Company’. As an alternative, any of the following abbreviations can also be used: ‘L.L.C.’, ‘LLC’, or ‘LC’. The Missouri LLC name should also be discernible from existing business entities registered with the Missouri Secretary of State.
This can be checked using the business name search tool. If the business name you came up with is still available, this can be reserved for 60 days by filing an Application for Reservation of Name to the Secretary of State of Missouri. This form is filed through postal mail with a fee of $25.
Starting an LLC in Missouri requires that you retain the services of a Registered Agent. For compliance purposes, the Registered Agent should also meet state requirements when it comes to hiring one.
A MO LLC Registered Agent can be an individual resident of the state or a Missouri or foreign business entity legally registered to do business in Missouri. The chosen Registered Agent must agree to accept service of process in behalf of the LLC prior to designation. A physical street address in Missouri must also be given.
To legally register an LLC in Missouri, an Articles of Organization is filed to the Secretary of State Office. The Missouri LLC filing requires a number of information including name of the LLC, purpose of the LLC, name and address of the LLC’s Registered Agent, name and address of the LLC’s owners, among other vital information.
The Articles of Organization can be filed through postal mail or online. A business ID and password are required when filing online. Online filing costs $50 and an additional convenience fee of $1.25. For postal mail filing, $105 is paid.
An Employer Identification Number (EIN) is a series of numbers used to uniquely identify a business entity. As well, a Missouri EIN is used in almost all transactions when you begin business operations, from filing tax reports to opening bank accounts for your LLC.
Hence, an LLC EIN should be obtained when operating an LLC in Missouri. There are several ways to procure an Employer Identification Number but the easiest and most convenient is through online application in the IRS website.
To avoid any tax, asset, or financial confusion as the owner of a Missouri LLC, open a separate bank account. This will keep all personal and business assets separate for when it is time to pay your taxes.
You can use the bank you keep your personal account with, just be sure to keep transactions 100% separate. For a look at the popular most popular options, read this review.
You are now officially a Missouri LLC as soon as the steps above has been completed. The next few steps below are some additional requirements to operate an LLC legally. While there are some interspersed recommended steps, these are suggested for the benefit of your startup.
Every business should have a business plan. This document is a vital facet to smooth business operations and success.
As you write a business plan, you are able to clearly evaluate business objectives and stay on track, set business priorities efficiently, establish milestones, and allow a proactive take on running a business.
When starting a Missouri business, a business plan is a necessity. Below are some beneficial resources for your Missouri LLC business plan.
When starting an LLC in Missouri, part of the rules and regulations you need to adhere to is that of taking care of Missouri LLC tax and license obligations.
These requirements are necessary as a Missouri LLC to maintain good standing with the state. Failure to complete these will result to myriad problems that can affect the entire business lifecycle. With Startup Savant’s guide on Missouri Business Taxes, you can begin fulfilling these requirements.
In as much the same way that you need to take care of tax reports and filings when starting an LLC in Missouri, you also need to arrange for the required Missouri business licenses. Every business needs a different kind of Missouri business license depending on a number of factors.
A good working knowledge on business licenses is required to fulfill these obligations. You can start on it using our Missouri Business Licenses and Regulations guide.
An LLC Operating Agreement may not be a state requirement, but operating an LLC without it can pose problems in the long run.
There are several benefits to having an Operating Agreement in place in your LLC, but the most important ones are it protects the limited liability status of owners, takes precedence over default state rules, and defines the LLC’s management and financial structures.
A Rocket Lawyer Operating Agreement is available, which can be used to pattern your own Operating Agreement as it is fully customizable and can be signed online.
As you start an LLC in Missouri it’s important to have a website. This will give you a solid online presence and credibility aspect. Thankfully, there are free tools like WordPress for the non-tech savvy entrepreneurs like myself.
No need to hire a professional designer. Learn how to get started through this simple step-by-step guide.
Note that this is a guide with the intent to provide general information on Missouri LLC formation. If you’re looking for legal advice or professional consultation on the intricacies of starting an LLC in Missouri or starting a new business in general, always seek the professional advice of a business lawyer.