Missouri Memorandum of Operating Agreement and Financing Statement

State:
Multi-State
Control #:
US-OG-770
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a memorandum used to evidence the existance of an operating agreement and financing statement between Parties to a Contract Area.
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FAQ

Purpose: ?Any or all lawful business for which a limited liability company may be organized under the laws of the State of Missouri.?

A sole proprietorship or partnership can operate under the owner's full first and last name without registering, but if the business will using under a name other than the owner's name, a Fictitious Name Registration (sometimes referred to as a DBA or Doing Business As) with the Missouri Secretary of State.

A limited liability company may designate one or more "managers" to operate its business or it may choose to operate under the direction of its members. Foreign limited liability companies must register with the Secretary of State in order to conduct business in the state of Missouri.

All foreign and domestic corporations, limited liability companies, limited partnerships and limited liability partnerships registered in Missouri must maintain a registered agent.

A limited liability company may designate one or more "managers" to operate its business or it may choose to operate under the direction of its members. Foreign limited liability companies must register with the Secretary of State in order to conduct business in the state of Missouri.

A Missouri LLC should have an operating agreement because a company cannot act for itself. In order to operate, LLCs require real humans (and other entities) to carry out company operations. Operating agreements are legally required for Missouri LLCs.

For LLCs electing to be taxed as corporations, Form MO-1120 must be filed in Missouri. A single-member LLC that is considered disregarded for federal taxation purposes must report income and expenses accrued by the LLC on the member's tax return. In Missouri, a state tax identification number is required.

Although legally a limited liability company, an LLC can be treated as a proprietorship, partnership, S-corporation, or even a C-corporation under federal tax laws.

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Missouri Memorandum of Operating Agreement and Financing Statement