In Missouri, creating an LLC costs $50 in one lump sum. When the Articles of Organization are filed with the Missouri Secretary of State, this fee is paid. A $25 additional cost for faster processing is available as an option. Your LLC will be processed after paying this cost within 24 hours.
After creating an LLC, there are yearly obligations that must be fulfilled to keep the LLC in good standing. LLCs in Missouri are required to submit an annual report and pay a $50 fee each year. By the end of the LLC’s anniversary month, this report must be submitted.
There are two ways to terminate an LLC in Missouri: termination and dissolution. Dissolution is the process of winding up the LLC’s affairs and dispersing its assets, whereas termination is the process of ending an LLC’s existence. It costs $10 to file the necessary documentation with the Missouri Secretary of State’s office for either option.
Articles of Dissolution must be filed with the Missouri Secretary of State’s office in order to dissolve an LLC in Missouri. You can submit this form electronically or by mail. There is a $2 convenience fee if you decide to file online. The name of the LLC, the time of the dissolution, and the cause of the dissolution must all be listed on the form.
You must submit a Fictitious Name Registration to the Missouri Secretary of State’s office in order to register your business name in the state of Missouri. You can submit this form electronically or by mail. A fictitious name registration costs $7 to file. The name and address of the business, the owner’s name and address, and the name under which the business will operate must all be listed on this form.
In conclusion, compared to other states, Missouri has relatively inexpensive establishment and maintenance costs for LLCs. Small business owners may afford it thanks to the $50 annual report charge and $50 one-time filing fee. In the event that you must dissolve your LLC, the procedure is simple and inexpensive ($10). Last but not least, registering your company name is a quick and inexpensive process that costs $7. With this knowledge, you can decide for yourself whether an LLC is the best kind of company entity for your operation in Missouri.