LLC Cost in Missouri – How Much to Pay for an LLC


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Perhaps you are hoping to form a Missouri LLC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Missouri.

Missouri LLC Cost of Filing

Here are the costs involved in forming an LLC in Missouri.

Cost of Filing Formation Certificates

The Missouri Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Missouri Secretary of State

Missouri Domestic LLC

  • Online Filing costs $50. 
  • Annual Report filing Not Required.
  • Name Reservation fee costs $7
  • By Mail: Fill out the application form, and send it to Corporations Unit, James C. Kirkpatrick State Information Center P.O. Box 778, Jefferson City, MO 65102. Costs $105.

Missouri Foreign LLC

  • Online Filing costs $105.
  • Annual Report filing Not required
  • Name Reservation fee – not available
  • By Mail: Fill out the application form, and send it to Corporations Unit, James C. Kirkpatrick State Information Center P.O. Box 778, Jefferson City, MO 65102. Costs $105.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Missouri LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Missouri, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Missouri Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes payable to the Missouri Department of Revenue

There are two types of taxes to be paid to the Missouri Department of Revenue:

State Income Tax

You have to pay state tax on any amount you pay to yourself. The earnings you make shall be taxed through your personal tax return. The standard rate of income tax which is 6.25% will be applicable & you can apply for all the standard allowances and deductions. 

State Sales & Use Tax 

If you are a seller of goods or you are a service provider, you have to collect tax & then pay it to the Missouri Department of Revenue. This State Sales & Use Tax can be collected at the time of purchase.  The Sales & Use Tax varies in different regions, counties, & cities.

The current state sales & use tax rate on LLC in Missouri is 4.225%

Federal Taxes for Missouri LLC

As mentioned earlier, there are different federal taxes that every LLC in Missouri has to pay, in addition to the state taxes.

Federal Self-Employment Tax

Federal Self Employment Tax, also known as Social Security or Medicare tax, is to be paid by all the LLC Business members or managers. This kind of tax is applicable to all the earnings you withdraw from your business. 

The Federal self-employment tax rate in Missouri is 15.3 percent, which includes 12.45 for social security & 2.9 for medicare.

Federal Income Tax

In addition to the state income tax, you have to pay the Federal Income tax on all the earnings you make in your Missouri LLC. 

The amount of the Federal Income Tax depends upon your earnings, the income tax bracket in which you qualify, the deductions, & the manner/ mode of filing.

Employee & Employer Taxes

If you have a number of employees who draw monthly salaries, then there will be some added Employee-Employer taxes on that. These tax implications vary, depending on various factors, e.g., the amount, number of employees, etc.

Cost Comparison Between States

Missouri is surrounded by many states, namely Iowa, Illinois, Indiana, Arkansas, Oklahoma, Nebraska, etc. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
Missouri$50None4.225%
Iowa $50None0.36 to 8.98%
Illinois$500$2001.5%
Indiana$90$307%
Nebraska$125None5.5%

Other Taxes

On the basis of the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in Missouri.

Other Costs

How Much Does It Cost to Maintain an LLC in Missouri

To maintain an LLC in Missouri you do not need to pay an annual fee. However, state income tax at 6.25%, sales & use tax at 4.225% and federal taxes are levied.

Having an LLC in Missouri can be an excellent business option. However, it is important to understand how much it will cost to maintain your LLC. Fortunately, there are a number of costs that can be reduced or eliminated.

A Missouri LLC is a type of business that provides owners with limited liability and other benefits. However, a Missouri LLC is also subject to taxes and other laws. If you own an LLC in Missouri, you may be required to pay taxes, such as state sales tax and self-employment taxes. These taxes may also be applicable to individual members of your LLC.

Depending on the type of business you have, you may also be required to obtain licenses. For example, if you own a hair salon, you may be required to obtain a license from the state of Missouri. In addition to this, some types of businesses have to obtain federal licenses. You may also need to obtain licenses from local governments. These licenses depend on where you are located, the nature of your business, and the type of business you are running.

One of the most common fees that businesses in Missouri must pay is their state sales tax. This tax is collected on the sale of retail goods. As of 2021, the state tax rate in Missouri is 5.4%. In addition, Missouri residents must also pay state taxes on the amounts they earn. As a result, Missouri businesses with employees must withhold taxes from the paychecks of their employees.

Another common fee that businesses in Missouri must pay is a Registered Agent fee. A registered agent’s name and address will be listed on the Articles of Organization and will receive legal mail on behalf of the company. A registered agent is required for every LLC in Missouri. A registered agent can be an individual or a corporation. A registered agent’s name is part of a public record, and if you want to change the registered agent for your business, you will need to file a form with the Missouri Secretary of State.

Some states require a Certificate of Good Standing, which confirms that the LLC is in compliance with state laws and has been properly registered. This certificate is usually required to obtain loans, open bank accounts, and obtain insurance. A Certificate of Good Standing is available through the Missouri Secretary of State’s online business registration system. You can also request it by mail or in person. The Certificate of Good Standing costs $10. It is important to have a Certificate of Good Standing because it proves that the LLC is in compliance with all applicable fees and regulations.

Depending on the nature of your business, you may also need to obtain licenses from city, county, or state governments. If you have employees, you may need to obtain workers’ compensation insurance. Other business licenses can be expensive to apply for and can be required on an ongoing basis. The cost of obtaining these licenses can vary based on the type of business, the state you live in, and the type of industry you are in.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

In Conclusion

The cost of Missouri is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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