The laws passed by the Missouri General Assembly and approved by the governor are known as Missouri statutes. Businesses should be aware of and familiar with these statutes, particularly if they want to form or manage an LLC in Missouri. This post will offer instructions on where to look for Missouri statutes and how to keep an LLC active there.
Visit the Missouri General Assembly website to locate Missouri statutes. The Missouri Revised Statutes, which are the state’s most recent statutes, can be found there. You can use a keyword or chapter search to look up certain statutes. Additionally, you can search the legislation by subject, such as taxation, employment laws, or business restrictions.
There are numerous actions you must take if you maintain an LLC in Missouri to make sure your company remains in compliance with Missouri law. The submission of an annual report to the Missouri Secretary of State is one of the initial procedures. This report must be submitted annually and contains details about your LLC, including your registered agent and place of business.
In Missouri, LLCs must also pay state taxes on their earnings. The tax rate varies depending on the income of your LLC, however in Missouri, the majority of LLCs will pay a tax rate of 6.25%. To pay your state taxes, you must register with the Missouri Department of Revenue.
Missouri LLCs are also required to pay an annual fee in addition to taxes. For LLCs with yearly incomes under $30,000, the cost is $5; for LLCs with annual incomes over $30,000, the price is $50. The Missouri Secretary of State website accepts online payments for this yearly fee.
Finally, you must supply a physical address for your company when incorporating an LLC in Missouri. A PO Box can be used for mailing, but it cannot serve as the registered address for your LLC. Your LLC must conduct business at the physical address listed as its registered address.
In conclusion, if you are operating an LLC in Missouri, it is crucial that you comprehend and are familiar with Missouri statutes. Missouri statutes can be found on the website of the Missouri General Assembly, and you can keep your LLC in good standing by submitting a yearly report, paying state taxes and annual fees, and supplying a physical address for your company. You may keep your Missouri LLC in compliance with state laws by carrying out these actions.