Missouri

The current Constitution of Missouri, the fourth constitution for the state, was adopted in 1945. It provides for three branches of government: the legislative, judicial, and executive branches. The legislative branch consists of two bodies: the House of Representatives and the Senate. These bodies comprise the Missouri General Assembly.

• The legislative branch consists of the state legislature, which is the Missouri General Assembly;
• The executive branch is laid out in Article IV of the state constitution and is headed by the governor of Missouri;
• The judicial branch (the state courts) is established by Article IV of the Missouri Constitution. The state supreme court is the Supreme Court of Missouri - it is the highest court.

Missouri's economy rests chiefly on industry. Aerospace and transportation equipment are the main manufactures; food products, chemicals, printing and publishing, machinery, fabricated metals, and electrical equipment are also important. Missouri remains important agriculturally; with over 100,000 farms, the state ranks second only to Texas

Currency:

United States Dollar (USD)

The business laws of Missouri are user-friendly and often adopted by other states as a standard for testing business laws. As a result, the business laws of Missouri are familiar to many lawyers both in the US and internationally. Missouri has a common law system.

Type of Company/Corporation:

One IBC supply incorporation in Missouri service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.

Business Restriction:

The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.

Company Name Restriction:

The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";

• May contain the name of a member or manager;
• Must be such as to distinguish it upon the records in the office of the Secretary of State from the name on such records of any corporation, partnership, limited partnership, statutory trust or limited liability company reserved, registered, formed or organized under the laws of the State of Missouri or qualified to do business.
• May contain the following words: "Company," "Association," "Club," "Foundation," "Fund," "Institute," "Society," "Union," "Syndicate," "Limited" or "Trust" (or abbreviations of like import).

Company Information privacy:

No public register of company officers.

Just 4 simple steps are given to start a business in Missouri:

• Step 1: Select basic Resident/Founder nationality information and other additional services that you want (if any).
• Step 2: Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).
• Step 3: Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).
• Step 4: You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Missouri is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support service.

* These documents required to incorporate a company in Missouri:

• Passport of each shareholder/beneficial owner and director;
• Proof of residential address of each director and shareholder (Must be in English or certified translation version);
• The proposed company names;
• The issued share capital and par value of shares.

Read more:

How to start a business in Missouri, USA

Share Capital:

There is no minimum or a maximum number of authorized shares since Missouri incorporation fees are not based on the share structure.

Director:

Only one director required

Shareholder:

Minimum number of shareholders is one

Missouri company taxation:

Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.

• Us Federal Taxation: US Limited Liability companies structured for partnership tax treatment with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.
• State Taxation: US limited liability companies that conduct no business in the recommended states of formation with non-resident members are generally not subject to state income tax and are not required to file a state income tax return.

Local Agent:

Missouri law requires that every business have Registered Agent in the State of Missouri who may be either an individual resident or business that is authorised to do business in the State of Missouri

Double Taxation Agreements:

Missouri, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Missouri taxation for taxes paid in other states.

In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.

License Fee & Levy:

The Missouri Franchise Tax Board requires all new LLC companies, S-corporations, C-corporations that is incorporated, registered or doing business in Missouri must pay the $800 minimum franchise tax

Read more:

• Missouri trademark
• Missouri business license

Payment, Company return due date:

Missouri Filing Due Date: Corporation tax returns are due by April 15 — or by the 15th day of the 4th month following the end of the taxable year (for fiscal year filers).