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 week processing.
Benefits of an LLC
An LLC offers liability protection and potential tax savings. Income passes through the LLC to members. Even though Missouri has no personal income tax, taxes like sales tax apply.
Additional Considerations
Forming an LLC in your home state is usually best. However, 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.