In Missouri, limited liability companies need operating agreements. These outline ownership, management, rights, and responsibilities of members. The agreements are legally binding. Operating agreements help resolve disputes between members and protect members’ assets.
Customization and Compliance
LLCs should customize Missouri operating agreements to tailor them to structure and operations. Following state laws in the documents is essential.
Registration for Foreign LLCs
Foreign LLCs must register with Missouri’s Secretary of State and need to appoint in-state registered agents. 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.
Purpose and Content of Operating Agreements
Operating agreements detail LLC operations, including member powers and voting rights. They’re normally 15-20 pages and are for internal reference, not requiring public disclosure. There are default LLC rules in Missouri, but members can override provisions with written operating agreements. Without the structure in agreements, personal liability of owners might increase. Even if states don’t require them, having agreements protects interests.