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.
On this page, you’ll learn about the following:
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.
LLC Service | Our Rating & Pricing | Top Features | Learn More |
#1 TOP PICK  | $0 + State Fees |
| |
 | $299 + State Fees |
|
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.
| States | Filing Fee | Annual/Biennial Fee | Sales Tax |
| Missouri | $50 | None | 4.225% |
| Iowa | $50 | None | 0.36 to 8.98% |
| Illinois | $500 | $200 | 1.5% |
| Indiana | $90 | $30 | 7% |
| Nebraska | $125 | None | 5.5% |
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
- Missouri Name Reservation: $25 for online filing or by mail
- Doing Business As (DBA): $7 for filing by mail
- Certified Document Copies: $10
- Certified of Good Standing: $10
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Missouri LLC: $25
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.
Limited Liability Companies (LLCs) are a popular business structure among entrepreneurs in Missouri. With benefits such as limited personal liability protection and flexible management structures, it’s no surprise that many business owners opt to form LLCs.
However, one important aspect of owning an LLC that should not be overlooked is the cost associated with maintaining it. These costs can vary depending on the specific needs and requirements of each LLC, but it’s important to have a basic understanding of what to expect.
The first cost to consider is the cost of forming the LLC. In Missouri, the filing fee for articles of organization is $50, which is a relatively low cost compared to other states. However, some business owners may choose to hire a lawyer to draft and file the articles of organization, which can add additional costs.
Another ongoing cost to consider is the annual report fee. Missouri LLCs are required to file an annual report with the State, which currently costs $25. This fee must be paid every year to avoid penalties or potential dissolution of the LLC.
LLCs in Missouri are also required to register for and pay various taxes. This includes Missouri state taxes, such as payroll and sales tax, as well as federal taxes such as income tax. Depending on the nature and size of the LLC, these taxes can add up to a significant cost.
Insurance is another expense that LLC owners should consider. While not legally required in Missouri, it’s often recommended that LLC owners invest in liability insurance to protect against potential lawsuits or claims.
In addition to these basic costs, there may be other expenses that vary depending on the specific needs of each LLC. For example, some LLCs may require specialized licenses or permits, which come with their own fees and requirements. Other LLCS may require additional legal or accounting services, which can add to the overall cost of maintaining the LLC.
Overall, the total cost of maintaining an LLC in Missouri can vary widely depending on various factors, but it’s important for business owners to have at least a basic understanding of the most common costs. By properly planning and budgeting for these expenses, LLC owners can ensure that they’re prepared to sustain their businesses over the long term. Ultimately, the cost of maintaining an LLC should be weighed against the benefits of this popular business model, which can provide invaluable protection and flexibility in today’s ever-changing business landscape.
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
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.
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.
