Missouri LLC Annual Report – File an LLC Annual Report in Missouri


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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, it communicates about all the modifications or changes, & it keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Missouri LLC annual report filing in Missouri.

An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.

Contents of the Annual Report

Typically the annual report filed by an LLC in Missouri (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report  or the annual franchise tax report are

  • Office Address of the LLC
  • Names & Addresses of the Members & managers.
  • Identification Documents
  • Social Security numbers of the key members of LLC
  • The objective of the business of LLC
  • List of all the signatories of the LLC
  • Information of the registered agent, if any

Missouri LLC Annual Report

An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Missouri Annual Report is filed with the office of the Missouri Secretary of State.

Does the State of Missouri require an Annual Report Filing?

No, unlike many states, Missouri does not require LLCs to file their annual reports. There is no deadline or penalty for non-filing or late filing of the Missouri annual report. However, other business structures require filing the annual report.

Annual Report Deadline

As I mentioned, an LLC does not have to file any Annual Report in Missouri. Hence, there is no deadline to file an Annual Report. However, if you are running a corporation, then you must file your annual report.

Penalties for Non-filing or Late Filing

There is no penalty for non-filing of the Annual Report in Missouri by an LLC. Because there is no mandatory rule to file an annual report for a Missouri LLC, hence, there are no such fees or charges.

Why Do LLCs Have to File the Annual Report?

Some states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,

To Maintain the Accuracy of the Information

An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.

To Provide the Correct Correspondence

Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.

To Notify the Government About All the Significant Changes

If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.

To Provide an Activity Log of an LLC

The Annual report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.

To Help You With the One-time Filing of Taxes

The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government.

To Enable the State to Track the Payments

The government authorities use all the information filed through the annual report for tracking the payment of State Taxes.

Missouri LLC Annual Report (Domestic & Foreign)

State Office:Corporations Unit, James C. Kirkpatrick State Information Center, P.O. Box 778, Jefferson City, MO 65102
Due Date:None
Filing Fee:None
Penalty:None
Filing Method:The Missouri Annual Report can be done online.
Forms:The form to file the Missouri Annual Report can be found here
Important Information:It is not necessary to file an Annual Report for an LLC in Missouri. However, it is good to have a detailed report for transparency purposes.

Seek the Help of a Registered Agent

Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.

Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:

  1. Streamlining the mandatory processes & filing.
  2. Sending or receiving any documents.
  3. Reminding you about important dates of filing or payment of taxes. 
  4. Simplifying the filing procedures.
  5. Avoid any penalties.
  6. Flexibility in working.
  7. Maintaining Privacy (as it keeps your personal records off the public record)

You can read more about a Missouri Registered Agent here.

How Fast Can I Fill Missouri LLC Annual Report

Annual LLC report for Missouri LLC must be filed on or before April 15 every year after that penalty will be imposed. Only the LLCs formed in same calender year are exempted from it.

Filing an annual report is a necessity for any limited liability company. All states require it. In Missouri, LLCs must file one on a yearly basis. However, some states only require an annual report every ten years. When filing the annual report, you should consider all of the deadlines, as a late filing will result in penalties.

The deadline for LLC annual reports in Missouri is April 15. The fee is $100. The amount you owe is based on your net worth and federal taxable income. If you want to pay less, use an enhanced PPT/CPT form. This form will calculate your tax automatically.

When filling out the form, you may want to consider drafting an operating agreement. Even if Missouri doesn’t require an operating agreement, it is a good idea to have one. These documents will lay out the goals of the business, explain the roles of the members, and clarify financial obligations. They will give your business legitimacy and prevent confusion down the road.

Filing an annual report in Missouri is a requirement for all business entities, as failing to file one will lead to the dissolution of your LLC. Your annual report will contain updated information about your LLC, making it easier for State authorities to locate your business. You can get an annual report form from the Missouri Department of Revenue. To fill it out, you’ll need Adobe Reader. You can also use a template if you’d like to save time.

The date you formed the limited liability company is optional. However, if your LLC was formed at the end of a calendar year, you’ll want to include a delayed formation date. This will help you avoid being taxed for a short period of time. For most LLCs, however, this section is left blank.

When is a Missouri LLC annual report due? In Missouri, domestic and foreign corporations must file a Business Privilege Tax Return with the Department of Revenue. Even if LLCs don’t have an annual report schedule, they must still file a Business Privilege Tax Return (BPT). Pass-through entities file Form CPT while LLCs file Form PPT. Most entities pay tax on net worth, so filing a business tax return with the Missouri Department of Revenue is essential.

A good business plan is essential to a successful LLC. It should include a name, function, and market analysis. In addition, it should include a detailed description of the products and services the LLC provides. The plan should also include a marketing, logistics, and finance plan. A federal employer identification number is assigned to an LLC to identify the business to federal and state tax authorities.

Filing a Missouri LLC annual report can be completed by mailing or faxing the paperwork to the Secretary of State. However, if the business is no longer active, it must file a Certificate of Withdrawal. An inactive business can rack up fines and fees in many states and end up in collections, which could cost hundreds of thousands of dollars.

FAQs

Is it essential to file an Annual Report?

Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.

What are the contents of the Annual Report?

A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.

Why is hiring a Registered Agent necessary in filing the Annual Report?

A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows for the smooth filing of reports & other fees.

What do I have to do for the annual business report preparation?

The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.

Do the filing fees change as per the types of companies?

Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.

In Conclusion

In conclusion, we can see that the annual report – which is also called the Franchise Tax Public Information Report is much easy to be filed. However, it is mandatory to file the report on time to avoid any penalties. If you are running an LLC in the state of Missouri, you have to comply with the filing of certain important documents, including the annual report or the Franchise Tax Public Information Report, as it is named in the state of Missouri.

It is also important to note that once this Public Information Report is filed with the Comptroller of Public Accounts, there is no need for additional filing with the secretary of state.

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