Planning to Start Your Business
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Should I use a Missouri limited liability company (LLC) for my consulting services?
It be may be beneficial to organize your consulting business as a limited liability company (LLC) to avoid personal liability with respect to your business. However, just like any other professional, you will be personally responsible for your negligence in your consulting services. Therefore, it is important to have errors and omissions insurance when providing consulting services.
Do I need a business license for my LLC or corporation once it is formed with Secretary of State of Missouri?
Your Articles of Incorporation or Articles of Organization are not the same as a business license. Once your LLC or corporation is formed with the Missouri Secretary of State, your municipality may require that your businesses obtain a business license before opening a business in their city.
A business license is obtained directly from the local governmental authority.
What legal documents do I need to form a LLC in Missouri?
A Missouri limited liability company (LLC) is created by filing Articles of Organization with the Secretary of State of Missouri.
The Articles of Organization must include:
- LLC's name and address
- Name and address of the LLC’s registered agent
- Whether the LLC will be member-managed or manager-managed
- LLC's duration, if not perpetual
Every Missouri LLC must have a registered agent for service of process in the state. This is the person or business entity that agrees to accept legal papers on the LLC’s behalf if it is sued. The registered agent must have a physical street address in Missouri.
LLC Operating Agreement
In addition to filing the Articles of Organization, your business should also create a written LLC "Operating Agreement." The Operating Agreement does not need to be filed with Missouri Secretary of State's Office. However, the Operating Agreement is an important document because it explains the LLC members' rights and responsibilities, their percentage interests in the business, and their share of the profits.