The MO LLC is used more than any other legal entity by new business owners in Missouri. Over 30,000 limited liability companies are formed each year in this state.
Many attempt to form one only to find out that their filing is defective in some way because it does not meet the requirements of the Missouri Limited Liability Company Act. Even worse, others might be able to get a filing processed by the state but find out later there was something incomplete or noncompliant with MO LLC legal requirements.
It pays to try to stay out of the legal turmoil and liability that can ensue in such a case. Summarized below are the 6 requirements specified by Missouri LLC laws for the filing of an LLC formation.
NAME OF MISSOURI LLC
Specific requirements are set forth in Section 347 for a Missouri LLC name. First, the name must have an LLC designation tail. Second, the name must be different and uniquely distinguishable from any other recorded names in the state. You should perform a name search before you submit your filing.
PURPOSE OF MO LLC
The purpose of your LLC must be stated in your formation documents. There is a provision allowing your to utilize general statement in standard language. Most businesses would do best to keep the language in the statement of purpose broad so your enterprise's authority will not be restricted as it grows and changes over time.
DESIGNATED REGISTERED AGENT
The Missouri Limited Liability Company Act mandates that every MO LLC has an officially designated registered agent and address. The registered agent must be a resident person or legal entity formed or registered in Missouri. This address can be different from the company's principal office address.
MEMBER MANAGEMENT
By default, a Limited Liability Company in Missouri is member managed. Those wishing for a MO LLC to be manager managed should make sure that their formation filing reflects this.
LIFE OF THE COMPANY
Duration used to be a sensitive matter due to tax reasons. But since 1997, the IRS made LLC taxation matters easier without any requirements related to the life of a company. As a result, most states including Missouri now allow for this kind of legal entity to have a perpetual life. Missouri requirements do require a certain statement of duration in the documents on record with the state.
DATE EFFECTIVE
The Missouri Limited Liability Company Act also demands that an effective date be stated for the LLC in the filing. Most filers will pick the document processing date, but you may also select a date at some point in the future. Future dates must be no farther than 90 days from the submission date of the filing. - 15246
Many attempt to form one only to find out that their filing is defective in some way because it does not meet the requirements of the Missouri Limited Liability Company Act. Even worse, others might be able to get a filing processed by the state but find out later there was something incomplete or noncompliant with MO LLC legal requirements.
It pays to try to stay out of the legal turmoil and liability that can ensue in such a case. Summarized below are the 6 requirements specified by Missouri LLC laws for the filing of an LLC formation.
NAME OF MISSOURI LLC
Specific requirements are set forth in Section 347 for a Missouri LLC name. First, the name must have an LLC designation tail. Second, the name must be different and uniquely distinguishable from any other recorded names in the state. You should perform a name search before you submit your filing.
PURPOSE OF MO LLC
The purpose of your LLC must be stated in your formation documents. There is a provision allowing your to utilize general statement in standard language. Most businesses would do best to keep the language in the statement of purpose broad so your enterprise's authority will not be restricted as it grows and changes over time.
DESIGNATED REGISTERED AGENT
The Missouri Limited Liability Company Act mandates that every MO LLC has an officially designated registered agent and address. The registered agent must be a resident person or legal entity formed or registered in Missouri. This address can be different from the company's principal office address.
MEMBER MANAGEMENT
By default, a Limited Liability Company in Missouri is member managed. Those wishing for a MO LLC to be manager managed should make sure that their formation filing reflects this.
LIFE OF THE COMPANY
Duration used to be a sensitive matter due to tax reasons. But since 1997, the IRS made LLC taxation matters easier without any requirements related to the life of a company. As a result, most states including Missouri now allow for this kind of legal entity to have a perpetual life. Missouri requirements do require a certain statement of duration in the documents on record with the state.
DATE EFFECTIVE
The Missouri Limited Liability Company Act also demands that an effective date be stated for the LLC in the filing. Most filers will pick the document processing date, but you may also select a date at some point in the future. Future dates must be no farther than 90 days from the submission date of the filing. - 15246
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