Saturday, February 28, 2009

State of Missouri LLC Designed for Small Businesses

By Alex Madlin

You can get protection from loss and personal liability for your small business through a State of Missouri LLC.

Protecting assets is the primary reason the Missouri LLC is the most sought after choice for running a business. In today litigious society small business proprietors are choice marks because commercial activity can be high-risk.

The Missouri limited liability company has other reasons for being the perfect vehicle for your business as well. Here are some of them:

STATE OF MISSOURI LLC- SIMPLE AND EASY TO OPERATE

Small business operators must commit great spans of time to developing their commercial enterprise. You do not want any added legal complexities or requirements to cope with. With a Missouri LLC, you can run your business with a very simple governance structure because there are very few formalities.

FLEXIBILITY FROM A MISSOURI LLC

Missouri lawmakers recognize that every small business is unique and can call for varying rules and requirements contingent on each business. For this reason, they authorized LLC laws which let members tailor the means they use to run their businesses. There are fewer limitations and mandatory structures than for corporations.

MORE TAX CHOICES FOR STATE OF MISSOURI LLC

In 1997, the IRS enacted rules which greatly favored the limited liability company by offering this kind of legal entity the most options for deciding how its revenue will be taxed. While a Missouri LLC can qualify for pass through taxation, it can also choose to be taxed using the C corporation or S corporation rules.

For many commercial enterprises, the single-layer tax set up will be best because it averts the duplicate taxing of C corporations, but does not have the complications of S corporation demands. Even so, if your accountant believes another structure will spare you more in your taxes, the limited liability company will give you that option.

MISSOURI LLC IS AFFORDABLE

Missouri lawmakers also wanted to be sure that a Missouri LLC would be available for any new business ventures. This is why they kept the fees involved an a minimum. The current charges for a Missouri LLC consists of a $105 filing fee.

You should retain a service with experience handling Missouri LLCs to be sure your formation is filed to comply with State of Missouri limited liability company rules. The cost of these services can vary, but typically range between $100 and $500.

WRAP UP

A State of Missouri LLC is an ideal protection and operation vehicle for your business. Entrepreneurship is exciting and lucrative but is not without risk. Always protect yourself as a business owner by using an LLC in Missouri. - 15246

About the Author: