An ultimate guide to start an LLC in the state of Missouri
A limited liability company is a kind of business structure you register with the state to conduct business. It is a most flexible and globally recognized entity. You can use it a disregarded entity, corporation, S Corporation or a Partnership. A Missouri Limited Liability Company registers with the Missouri Secretary of State by filing Articles of Organization with the Corporation Division.
In Missouri, An LLC may designate one or more "managers" to conduct its business or it may choose to operate under the direction of its members. Foreign limited liability companies must register with the Secretary of State in order to operate business in the state of Missouri.
Does' State of Missouri Allow a corporation or an LLC to move in the other state?
No, the state of Missouri does not allow domestication of a corporation or an LLC in the other state.
Check LLC Name Availability To Start an LLC in Missouri
New LLC name must be distinguishable from the name of any other business entity registered under any law of this state. If the proposed name is already taken or reserved, it must be altered to make the desired name distinguishable from the name of that other business entity.
State of Missouri also allows you to reserve the LLC name for a fixed period of time, if you are not ready to the articles of the organization.It is reserved for sixty days only and does not give you a right to advertise or use a business name.
How to Prepare an Articles of Organization for Missouri?
The articles must be contained in the following information.
- Name of Limited Liability Company
- Purpose of the LLC
- Street Address of the LLC
- Manager or Member Managed
- The name and physical business or residence address of each organizer LLC
- The articles of organization may set forth any other provision, not inconsistent with law, which are in the operating agreement of the limited liability company.
Expected LLC article filing processing time in Missouri!
The state of Missouri takes 24 to 48 hours (Standard processing time) to approve your article of the organization.
Missouri LLC Taxation
Filing an LLC provides you limited liability benefits with easy filing process through federal taxation. After getting registered with the Missouri secretary of state, you must pay an annual tax to MDR (Missouri Department of Revenue).
Missouri Corporate Tax
The corporate tax is assessed by the MDR (Missouri Department of Revenue). This tax will be assessed against all income in Missouri if you are registered to do business.
LLC Classifications
- LLC can be taxed either partnership or a corporation
- If an LLC taxed under corporation the company will file Form MO-1120.
- If an LLC prefer taxation under partnership, it will file Form MO-1065.
- Single member LLC must be reported to Missouri tax return
Sales and Use Tax Missouri
- Your business must be registered for the sales and use tax if it is involved selling taxable products and services.
- A surety bond must be deposited to the MDS (Missouri Department of Revenue) based on the estimated gross sales.
- MDR will not issue the sales tax license until the state receives surety bond.
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