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What taxes does an LLC pay in Missouri?

Missouri has a very straightforward tax code for LLCs. The rate is 6.25 percent of taxable income. In addition to federal taxes, LLCs also have to pay employer taxes. Some of these taxes are paid to the federal government and others are paid to the state.

Is there an annual fee for LLC in Missouri?

Unlike most states, where LLCs have to file an Annual Report (and pay a fee), Missouri LLCs dont have to file an Annual Report and they dont have to pay an annual fee to the Secretary of State. Missouri is one of the few states that doesnt have Annual Report requirements for LLCs.

What are the pros and cons of an LLC?

Pros and Cons of Limited Liability Corporations (LLC) The ProsThe ConsMembers are protected from some (or sometimes all) liability if the company runs into legal issues or debts.Unless you are running the LLC alone, the ownership of the business is spread across its members (this can also be a pro)5 more rows

How are LLCs taxed in Missouri?

Limited Liability Company (LLC) taxed as a partnership income is passed directly through to the members according to the amount of stock held. Generally no income tax is paid by the LLC.

How do you set up a LLC in Mo?

Name your Missouri LLC. Give your Missouri limited liability company a name. Appoint a registered agent in Missouri. Name a registered agent for your LLC. File Missouri Articles of Organization. File Articles of Organization with the Missouri Secretary of State. Create an Operating Agreement. Apply for an EIN.

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