Does Missouri require an operating agreement for an LLC?

Does Missouri require an operating agreement for an LLC?

A relatively new business form in Missouri (first recognized by the State in 1993), the limited liability company* or LLC* is increasingly popular. In addition to articles of organization, Missouri statute requires all limited liability companies to have an operating agreement.

How do I find my LLC operating agreement?

If you’re not sure who is serving as the LLC’s registered business agent, the information is available through the Secretary of State’s office in the state where your business is registered. The same office may also have a copy of your LLC operating agreement, although filing such agreements is generally not required.

How much does it cost to start an LLC in Missouri?

How much does it cost to form an LLC in Missouri? The Missouri Secretary of State charges $50 to file the Articles of Organization online and $105 for paper filings. Online Filers must also pay an additional $1.25. You can reserve your LLC name with the Missouri Secretary of State for $7.

Does Missouri allow LLC domestication?

Missouri law has no provisions for entity domestication. If you plan to move your company to Missouri your can choose between qualifying your existing company as Missouri Foreign Entity, or dissolving it in the original state of registration and forming a new company in Missouri.

What do you need to know about a Missouri LLC?

Missouri LLC owners can use this agreement to record their ownership percentages, allocate profits and losses, and much more. The State of Missouri requires all LLCs to create an operating agreement.

Who is a sole proprietor in the state of Missouri?

Some entities are designated under Missouri’s statutes while others are not. In general, a single person who is operating a business is a sole proprietor, and a group of people who are operating a business together and sharing profits are a partnership .

What kind of company is a C corporation in Missouri?

A general business corporation (commonly referred to as a C corporation) is probably the most well known, and most complex, of the Missouri statutory entities.

How often are limited liability companies formed in Missouri?

Every day in Missouri, dozens of new corporations, limited liability companies and partnerships are formed by men and women making the first courageous decision in the life of a successful business.