How to Start an LLC in Missouri | Mid 2023 Update

Starting a Limited Liability Company (LLC) in Missouri offers entrepreneurs the opportunity to benefit from flexible management structures, asset protection, and tax advantages. Missouri boasts a thriving economy, and its central location in the United States makes it a strategic place for businesses. In this article, we will walk you through the key steps to set up an LLC in the Show-Me State. When you are done with this article, you should have all the information you need for how to start an LLC in Missouri.

Whether you are looking to start a full family office, or looking to get your personal finances in order, starting an LLC is a great place to start.

How to Start an LLC in Missouri: Step-by-Step Guide

Creating a Missouri LLC involves several essential steps to ensure compliance with state regulations. In this guide, you’ll find a detailed overview of the process for forming a Missouri LLC, including choosing a name, appointing a registered agent, filing the Articles of Organization, creating an operating agreement, obtaining an EIN, complying with tax and regulatory requirements, maintaining your LLC, and outsourcing LLC creation.

Choose a Name for Your Missouri LLC

The first step in establishing an LLC is selecting a name. In Missouri, the name must include “Limited Liability Company” or an abbreviation such as “LLC” or “L.L.C.”. It must be distinguishable from other business names registered in the state.

You can use the Missouri Secretary of State’s business name search tool to check if your desired name is available. If the name is available, you can reserve it for 60 days by submitting a Name Reservation application with a $25 fee.

It’s also advisable to check for available domain names if you plan to have a website for your business.

Appoint a Registered Agent in Missouri

A registered agent is essential for an LLC in Missouri. This entity or person will be responsible for receiving legal documents and official notices on behalf of your company. The registered agent must have a physical street address in Missouri.

File Missouri LLC Articles of Organization

You need to submit Articles of Organization to the Missouri Secretary of State to officially create your LLC. The Articles must include the name and address of your LLC, the name and address of your registered agent, and the duration of the LLC if it is not perpetual. You can file online or via mail, and the filing fee is $50 for mail submissions and $58.50 for online submissions.

Create an Operating Agreement for Your Missouri LLC

While not mandated by the state, it is highly advisable to have an Operating Agreement. This document outlines how your LLC will be managed and operated. It should detail member responsibilities, capital contributions, voting rights, profit sharing, and procedures for resolving disputes.

Obtain an EIN for Your Missouri LLC

Your LLC will need an Employer Identification Number (EIN) from the IRS. This is essential for filing taxes, hiring employees, and opening a business bank account. You can obtain an EIN for free through the IRS website.

Comply with Missouri LLC Tax and Regulatory Requirements

Ensure that your LLC complies with tax and regulatory requirements in Missouri:

  • Federal Income Tax: Usually, LLCs are pass-through entities. Profits and losses are passed through to members who report them on personal tax returns. However, you can choose for your LLC to be taxed as a corporation.
  • Missouri State Taxes: Missouri does not have a separate LLC tax, but you may need to register for state sales tax, withholding tax, or unemployment insurance tax if applicable.
  • Business Licenses and Permits: Depending on your business activities and location, you may need additional licenses or permits. Check with local authorities and consult the Missouri Business Portal for guidance.

Maintain Your Missouri LLC

To keep your LLC in good standing, it’s important to comply with ongoing requirements:

  • Annual Report: Missouri requires LLCs to file an Annual Report with the Secretary of State. This report can be filed online or by mail and is due by the end of the month in which your LLC was formed. The filing fee is $20 for online submissions and $45 for paper submissions.
  • Recordkeeping: Maintain detailed records of your LLC’s financial transactions, meetings, and significant decisions.
  • License Renewals and Reports: Keep up with license renewals and regulatory reporting requirements.
  • Tax Filings: Ensure that all federal, state, and local taxes are filed and paid as required.

Establishing an LLC in Missouri involves a plethora of legal and financial complexities. It’s wise to consult an attorney and a certified public accountant to ensure your business adheres to the state’s regulations and is structured optimally for tax purposes.

Outsourcing Missouri LLC Creation

While forming a Missouri LLC on your own is doable, many entrepreneurs choose to outsource the process to professional services such as LegalZoom, Incfile, or ZenBusiness. These services can simplify the LLC formation process and save you time, allowing you to focus on growing your business.

Outsourcing LLC creation offers several benefits:

  • Expertise: Professional services are well-versed in state requirements and can help you avoid common pitfalls and errors.
  • Convenience: They will handle the paperwork, filings, and interactions with the state on your behalf, ensuring all necessary steps are completed.
  • Registered agent services: Many LLC formation services also offer registered agent services, providing you with a reliable and experienced registered agent for your LLC.
  • Ongoing support: Most services offer ongoing support and assistance with maintaining your LLC, including compliance reminders and annual report filing.

When choosing an LLC formation service, compare pricing, features, and customer reviews to find the best fit for your needs. Keep in mind that the cost of using a professional service will be in addition to the state filing fees.

Final Thoughts on How to Start an LLC in Missouri

Setting up an LLC in Missouri involves several crucial steps including selecting a business name, appointing a registered agent, filing Articles of Organization, and adhering to tax and regulatory requirements. By properly setting up your LLC and complying with legal requirements, you set the stage for a successful business venture in Missouri.

Additionally, seeking legal and financial advice is highly recommended to ensure informed decision-making for your business. With careful preparation and dedication, you can lay a strong foundation for your enterprise in the Show-Me State.

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