You might want to think about setting up an LLC if you intend to launch a business in Missouri. Popular business structures include LLCs, which provide liability protection, tax flexibility, and easier management. We will walk you through the procedure of creating an LLC in Missouri in this article.
Select a Name for Your LLC in Step 1 The first step in creating an LLC in Missouri is to give your company a distinctive name. The name must be distinctive from those of other state-registered commercial entities. You can use the online database of the Missouri Secretary of State to see if your desired name is available. Once you’ve decided on a name, you can reserve it with the state by submitting an Application for Reservation of Name for a maximum of 60 days.
Step 2: Submit Articles of Incorporation You must submit Articles of Organization to the Secretary of State’s office in order to establish an LLC in Missouri. The name and address of the LLC, the name and address of the registered agent, and the names and addresses of the LLC’s members must all be listed in the Articles of Organization. The articles of organization can be submitted by mail or online.
Obtain an EIN in Step 3 The IRS issues a unique nine-digit number called an EIN (Employer Identification Number) to identify your business for tax purposes. To open a business bank account, recruit staff, and file taxes, you need an EIN. Applying online with the IRS will allow you to get an EIN for your LLC.
Step 4: Obtain Licenses and Permits for Your Business You might need to get particular licenses and permits in order to operate in Missouri, depending on the nature of your business. To learn which licenses and permits pertain to your business, check the Missouri Business Portal.
Pick a registered agent in Step 5 An individual or organization named as the LLC’s registered agent will receive official notices and other crucial correspondence on its behalf. Every LLC in Missouri must have a registered agent. Although you are free to act as your own registered agent, it is advised that you use a registered agent service to make sure you don’t miss any crucial legal paperwork.
How long does it take a Missouri court to authorize an LLC? Depending on the form of filing, Missouri LLC filings take different amounts of time to process. The processing time for online filings is typically 3-5 business days. The processing period for mail-in filings may take up to 7–10 business days.
How long does a Missouri LLC last? In Missouri, an LLC can continue to exist without end as long as it abides by all rules and regulations of the state. In Missouri, do I require a business license? Yes, you might need to obtain specific licenses and permits in order to operate in Missouri depending on the type of your business. To learn which licenses and permits pertain to your business, check the Missouri Business Portal.
Does my LLC require a registered agent? Yes, a registered agent is necessary for each LLC in Missouri. Although you are free to act as your own registered agent, it is advised that you use a registered agent service to make sure you don’t miss any crucial legal paperwork.
Depending on your company’s needs and objectives, you should decide whether to set up an LLC or run a sole proprietorship. A sole proprietorship is often simpler and less expensive to set up and run, but the owner is personally liable for all debts and legal obligations incurred by the business. An LLC, on the other hand, offers personal liability protection and enables the owners to keep their own assets distinct from their corporate debts and obligations, however it may necessitate additional paperwork and fees to set up and manage. To identify which structure is most suitable for your particular circumstance, it is essential to seek advice from a lawyer or accountant.
Yes, there is an annual LLC charge in Missouri. The $50 charge is due annually in order to keep the LLC in good standing with the state.