Importance of Operating Agreement for LLCs in Missouri
In Missouri, a limited liability company needs an operating agreement outlining ownership, management, members’ rights and responsibilities. The state requires it. The agreement outlines operations, including the powers of each member and voting rights. It’s about 15 to 20 pages normally and is for the company’s internal reference.
Customizing the Operating Agreement
LLCs should customize their Missouri operating agreement to tailor it to their structure and operations. Following state laws in the document is essential too. This customization helps resolve disputes between members and protects members’ assets.
Registration Requirements for Foreign LLCs
Foreign LLCs must register with Missouri’s Secretary of State and appoint an in-state registered agent. To register, foreign LLCs file the "Application for Registration of a Foreign Limited Liability Company". The online filing fee is $50 or $105 by mail.