Missouri, the “Show Me” state, is a business-friendly state that offers incentive programs for new and existing businesses. It is ranked in the top 15 tax-friendly states, and is home to over half a million small businesses that make up the vast majority of private enterprises in the state.
A limited liability company, LLC, is a type of business entity that is similar to a corporation, but is more flexible and easy to form and maintain. It may offer some of the benefits associated with a corporation, mainly the separation of personal and business assets and personal liability protection, and tax advantages.
Starting your LLC in Missouri has the potential to give you access to tax credits, incentive programs, and loans that help you save money for the purpose of reinvestment and growth as your business grows. Your LLC does have to meet the required criteria to qualify for the incentives, but in the event your business doesn’t qualify, you can still take advantage of Missouri’s easy LLC formation process.
Forming an LLC is the next step toward turning your sole proprietorship into a more formal corporate structure, forming a partnership, protecting your assets, and gaining access to capital.
The ned to take the following steps to create your Missouri LLC:
- Name your Missouri LLC
- Choose your registered agent
- File articles of organization
- Create an operating agreement
- Apply for an EIN
You’ll find a detailed outline to walk you through each step below.