In Missouri, an operating agreement outlines LLC ownership, management, members’ rights and responsibilities. It is legally binding but not filed with the state. The agreement helps resolve disputes between members and protects members’ assets.
LLCs should tailor their Missouri operating agreement to structure and operations, following state laws.
To register in Missouri, foreign LLCs must appoint an in-state registered agent and file an application. The online filing fee is $50.
An operating agreement defines business rules and guidelines. Without one, your personal liability might increase. Even if not required, having an agreement protects your interests.
The purpose of an operating agreement is to define the operations of an LLC. This includes the powers of each member and voting rights. It’s normally 15-20 pages for internal reference without public disclosure. Members can override Missouri’s default LLC rules with a written operating agreement.