To form a Missouri LLC, first choose a business name and ensure it’s available by searching the Secretary of State’s website. File articles of organization online for 1-3 day processing with a $50 fee or by mail for 2-4 weeks.
Benefits of an LLC
An LLC offers liability protection and potential tax savings as income passes through the LLC to members. Missouri taxes like sales tax apply, as there is no personal income tax in the state.
Considerations
Forming in your home state is often best, but be aware that Wyoming offers no LLC income tax. Remember that a Missouri LLC costs $50 plus a registered agent fee, and additional costs like operating agreements are optional.
Frequently Asked Question:
Do you have to renew your LLC every year in Missouri?