Keeping Your LLC Active: A Guide for Missouri Business Owners

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How do I keep my LLC active?
Here are six key steps to staying compliant and in good standing: File an annual report with the state. Report any changes to the state. File any DBAs if needed. Keep their registered agent current. Stay up to date with state franchise taxes. Don’t forget about local permits and licenses.
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Knowing what needs to be done to keep your LLC active as a business owner in Missouri is crucial. Maintaining your LLC is crucial to making sure that your company continues to run effectively and remain in good standing with the state. The actions you must do to keep your LLC active are covered in this article, along with some frequently asked questions about terminating your firm and canceling your EIN number. How to Maintain Your LLC’s Activity in Missouri

1. Submit Annual Reports: The Secretary of State’s office must receive an annual report from every LLC operating in Missouri. By the last day of the month in which your LLC was created, you must submit this report. There is a charge involved with filing the report, which can be done online through the Secretary of State’s website. Pay business taxes: As a Missouri business owner, you are obligated to pay the state of Missouri a number of taxes. Sales tax, usage tax, and income tax are all included in this. To be sure you are paying the right amount of taxes and according to all state tax regulations, you should speak with a tax expert.

3. Keep a copy of your LLC’s operating agreement on file. This legal document defines the ownership structure and procedures for running your company. It is critical to follow the guidelines laid out in the agreement and to keep this document up to date. Keep Your Registered Agent Information Current: In Missouri, each LLC must have a registered agent who is tasked with receiving legal paperwork on the company’s behalf. For you to receive all significant legal documents, it is crucial to keep your registered agent’s information current with the Secretary of State’s office. Can I Leave My Business Unattended?

You have the right to leave your company at any moment as a business owner. To make sure the procedure is carried out properly, there are a few procedures you must do if you wish to close your LLC.

Missouri Business Closing Procedures

1. Submit Articles of Dissolution: In Missouri, you must submit Articles of Dissolution to the Secretary of State’s office in order to dissolve your LLC. This paper terminates your LLC’s legal status in Missouri.

2. Final Tax Returns: State and federal governments must receive your final tax returns. This covers any unpaid sales or use tax returns as well as income tax returns.

3. Cancel Your EIN: You must notify the IRS that your LLC’s Employer Identification Number (EIN) has been cancelled. Filling out Form 966 and mailing it to the IRS will do this.

How can I find out how much money I owe the Missouri State?

You can get in touch with the Business Tax Section of the Department of Revenue if you’re not sure how much you owe the state of Missouri. They can advise you of any unpaid taxes you owe and assist you in returning to conformity with state tax regulations.

In conclusion, maintaining your operating agreement, paying business taxes, completing yearly reports, and updating your registered agent information are all necessary to keep your LLC current in Missouri. If you choose to close your business, you will need to cancel your EIN number, file final tax returns, and file Articles of Dissolution. It is crucial to speak with a skilled attorney or tax expert if you have any queries regarding these procedures.