Before jumpstarting in the incorporation process, the first step you need to accomplish when starting a business in Missouri is to choose a business structure. Different business structures have different pros and cons.
What might be good for a particular business may not be suitable for your business, so it is best to weigh the pros and cons of each structure and match it with your business’ needs to come up with the best decision.
To help you with incorporating in Missouri successfully, here are a few resources you can refer to.
The requirements on how to incorporate in Missouri should adhere to the requirements stipulated by the state. In line with this, you should contact the Missouri Secretary of State Office for all requirements necessary to legally incorporate.
The state’s official website offers a complete list of all necessities that must be completed, from forms and paperwork to filing fees and other important matters. Also, if you are in doubt of some requirements, you can contact or personally visit their office to obtain the answers you need.
Now that you have followed the steps above, you are officially a Missouri business owner. Here are 5 additional steps to help you start a successful business.
In addition to the Articles of Incorporation form that you must file, there are also a string of other deliverables that must be submitted.
From a valid business name, a Registered Agent with physical street address, an initial set of directors and officers, a schedule of an initial organizational meeting, a Missouri Employer Identification Number, tax reports and obligations, to the required licenses, permits, and other certifications to operate legally, all these should be completed to fulfill state stipulations. An important reminder through all this is that state regulations should be adhered to when completing these requirements.
Aside from the requirements mentioned, there are also internal documents you have to create. Experts highly suggest that these documents be created to maintain organization in your business and well-oiled operations. These documents include a business plan, an Operating Agreement, an Incorporator’s Statement, corporate bylaws, and more.
To avoid any tax, asset, or financial confusion as the owner of a Missouri business, 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.
In the internet age, it is important to have a website for your Missouri business. This is a huge credibility factor and helps earn trust from your potential customers.
Although building a website was extremely difficult to do in the early 2000’s, you can now use a simple and free platform like WordPress. You can build a website yourself through this free guide.
The requirements for your Missouri business do not stop after you have official incorporated. In fact, as long as business is in operations, there are maintenance requirements that you have to complete to maintain your good standing with the state.
Of special emphases are your tax obligations and necessary licenses and permits to continuously operate. Adherence to these should be strictly observed as a late filing or completion will result to fines and penalties.
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