A Limited Liability Company can be characterized midway between a corporation and a partnership. It is similar to a corporation in terms of limited liability to its owners, and it is similar to a partnership in terms of income taxation. To form an LLC in the state of Missouri, here are the procedures to be executed: 1. Coin a name for your LCC The name that you will select for your LCC should be distinct. It should not be similar to other LCC’s or foreign limited liability companies (FLCC) in existence for it may cause confusion. According to Missouri’s legislation regarding LCC’s, their names should be inclusive of the abbreviations “LCC,” “L.L.C.,” or “LC;” and not inclusive of the words “corporation,” “incorporated,” “partnership,” “limited partnership,” and the abbreviation of those words. The availability of the name can be checked through the business database of Missouri’s Secretary of State. If the name is available but not ready for filing, you can make a 60-day reservation for that name by paying the $25 fee. 2. Secure a copy of Articles of Organization and file it to the Secretary of State An information sheet of the Articles of Organization can be acquired from the Secretary of State; either through his office or the website. The form should include the name and address of the LCC, the purpose for which the LCC is established, the name and address of the appointed registered agent, the management of the LCC (whether by a manager or by the members), the name, address and signature of each organizer. It should also state the duration of the company. You can include the specific date; or state a particular event that will trigger the disbanding of the company. The document should be filed within 90 days after a copy of the information sheet is secured. 3. Assign a registered agent The agent should be an individual residing in Missouri, a domestic corporation, or a foreign corporation entitled to do business in Missouri. Upon the appointment of a registered agent, he/she/it will be authorized to accept legal papers in behalf of the LCC in case that the company is being sued. 4. Abide by Other Regulative Requirements An IRS Employee Identification Number (EIN) should be obtained by a multiple-owned LCC. For single-owned LCC’s, it is required only if you decided to be taxed as a corporation instead of as a partnership. Online EIN application is available in the IRS website. If you are looking for information on establishing LLC in Missouri, click on the link. Or you can visit http://www.ezonlinefiling.com/.
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