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Missouri law requires any person or business entity which transacts business in the state under a name other than their own ?true name? to register that business name with the Secretary of State's Office as a Fictitious Name Registration.
By creating bylaws, you're helping to: Ensure everyone understands and operates under the same rules. Provide transparency in how the business is run. Resolve disputes, both internally and in a court of law.
Unlike most states, where LLCs have to file an ?Annual Report? (and pay a fee), Missouri LLCs don't have to file an Annual Report and they don't have to pay an annual fee to the Secretary of State. Missouri is one of the few states that doesn't have Annual Report requirements for LLCs.
Policies are known as by-laws when their scope is regulated by government. Organizations, as a requirement of legal incorporation in most jurisdictions, are required to establish by-laws in respect to specific matters.
Corporate bylaws are legally required in Illinois. Illinois statute §805 ILCS 5/2.20 requires that bylaws be adopted either by shareholders at the first shareholder meeting or by directors at the initial director meeting.
Write a first draft of your bylaws Article I. Name and purpose of the organization. Article II. Membership. Article III. Officers and decision-making. Article IV. General, special, and annual meetings. Article V. Board of Directors.
Missouri Revised Statute § 351.290 contains plenty of rules for making, amending and repealing bylaws, but it doesn't explicitly require a corporation to have them. However, bylaws are essential for establishing the rules of your corporation and proving your credibility to investors.