How to Dissolve an LLC in Missouri

Dissolving a business often involves complex procedures. However, for a limited liability company in Missouri, dissolving it takes a handful of paperwork. When an LLC is formed in Missouri, the owner(s) draft the operating agreement. If the owner(s) decide to dissolve the business, the dissolution takes place following the articles mentioned in the operating agreement.

In this article, LLCBuddy editors shared the ins and outs of dissolving an LLC in Missouri. LLCs must file the Articles of Dissolution with the Missouri Secretary of State like the formation certificate was filed at the time of forming an LLC in Missouri. It takes a few days to process and a handful of fees to be paid to the SOS. Many people hire a professional service to do the paperwork to process it hassle-free.

At the time of forming an LLC, an operating agreement draft must be written. Generally, the process of dissolution takes place following the operating agreement (read: Missouri LLC operating agreement). Before the dissolution process, there are a few things to consider in the LLC.

First, make sure all the members of the LLC agree to dissolve the business. Once all the members are ready, their consent should be recorded via voting. After casting their vote in favor of the dissolution, the legal process must be started.

Dissolution of Missouri LLC requires three broad procedural steps. Having a Missouri LLC Operating Agreement, closing all the tax accounts, and finally submitting the Articles of Dissolution form to the Missouri Secretary of State.

Step 1: Follow the LLC Operating Agreement in Missouri

When you have started an LLC as a business entity, then there is an operating agreement that is formed. There are complete details of how the company will function and grow in that operating agreement, which acts as a comprehensive guide. There is also a dissolution process, which is added to your agreement. The common dissolution steps that almost every LLC follows are:-

First of all, the dissolution vote will take place among the LLC members in the dissolution meeting. If the majority is with the YES, then the process goes into legal proceedings.

All the dissolution votes will be noted down and recorded with the minutes of the meeting or a consent form.
After that, a formal date for dissolving the LLC will be decided.
The next step is counting the LLC assets and dividing them among the stakeholders and members accordingly.
Finally, the creditors of the business are notified, and the debts of the business are settled.

This is a general process. However, it is strongly recommended to seek professional help to avoid any complications when it comes to terminating an LLC in Missouri.

Get a Professional Agent Service

When it comes to a limited liability company dissolution, it is important to get professional help. Missouri registered agent will guide you with everything you need to close your limited liability company. While choosing a registered agent make sure they have a physical street address in the state. A professional service provider helps you to file the Article of Dissolution and close your various tax accounts without any hassle. Below are the best LLC services in Missouri that we strongly recommend for you.

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Step 2: Close All Tax Accounts

Every action that an official business takes is legally bound to some minimum business taxes. For that, various accounts, especially business entity tax accounts, are maintained by the state government with the help of various departments. You should consider all the taxes that you have paid for your LLC’s duration and make a list of them.

You must contact all government entities and clear the amount of outstanding taxes due by the date you have decided to dissolve. All the taxes must be paid in advance so that you don’t face any issues in the process of shutting down your LLC.

Some of the common taxes that limited liability companies have to pay are:

Unemployment insurance tax
Employee withholding tax if your LLC has employees.
If your LLC is engaged in selling taxable goods then they are liable to pay the sales and use tax.

Most of these taxes are normally filed, but some departments require official paperwork, without which it is impossible for the business to close their accounts. Apart from business taxes, federal taxes, personal income taxes, and franchise taxes are to be considered. For the franchise taxes, a franchise tax form is required. That is why the LLC owner should go through the sales tax guide and hire an accounting service.

Tax clearance

While dissolving the Missouri LLC, the owner is not required to obtain a tax clearance certificate. However, if you have filed federal taxes, then you must go through the final return option on your IRS form.

The IRS form for the LLCs that are classified as partnerships is Form 1065, and those LLCs who have registered themselves as corporate should check IRS Form 1120.

BOI Reporting

If you’re going to dissolve your LLC this year, make sure to update your BOI reporting. From January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) implied a rule to all businesses, including LLCs in Missouri to file the BOI Report. The Beneficial Ownership Information (BOI) in Missouri is a report that states about in and out of the company. This report must be up-to-date and submitted to the FinCEN before you proceed to the dissolution.

Step 3: File Articles of Dissolution

There is a list of dissolution documents that you, as an LLC owner, have to file. Once these articles are filed, the legal existence of the LLC will be over. Like a Missouri Articles of Organization, one has to file Missouri LLC Articles of Organization. The dissolution procedure and filing the articles of dissolution form is very easy and is discussed below.

First of all, the LLC owner(s) has to file the Article of Dissolution. There are multiple methods of filing available, such as filing by mail, in-person drop, or/and online filing.
You can follow the filing instructions on the official portal so that the steps for dissolution will be easier to complete.
For offline filing, LLCs must download the form and submit it to the Missouri Secretary of State physical office along with the state filing fee.
If you want to dissolve Missouri Foreign LLC then look for the Foreign LLC Dissolution process.
You must fill in all the important and legal information in the form, so you should be extra careful.
After filling in all the important information, you must choose the mode of payment you want to use to pay the LLC dissolution filing fees.
After filling in every detail, one should submit the form through an official mail address and make a payment.

Filing	Forms and Details
Online Applications	Not Applicable
Offline Applications	LLC Articles of Termination
SOS Contact (if offline application is available)	Corporations Unit, James C. Kirkpatrick State Information Center, P.O. Box 778, Jefferson City, MO 65102
Filing Time	4 to 7 working days
Filing Fee	$25

The LLC you own is dissolved, and you are free from all the liabilities linked with the LLC and its taxes. A copy of both original articles and recorded articles should be submitted in front of the probate judge. Now it’s his call whether he accepts your expedited dissolutions or not.

Points to Be Noted When Dissolving an LLC in Missouri

Apart from these three steps, no major dissolution rules are there in Missouri. However, there are some other tasks one has to keep in mind while dissolving an LLC legally.

Winding Up

Some purposes of LLC require some attention even after dissolution, known as winding up. The task of winding up includes.

For a certain period, the property of a business requires preservation.
If there is any civil case against the LLC, then the owner needs to finish them.
Settle all the existing disputes of LLC.
Transfer all the property of the LLC to the names of partners.
Release all the liabilities that the LLC owes to others.
Rightful distribution of all the assets among members, according to their percentage of partnerships.

Cost of Dissolving LLC

LLC costs in Missouri include the formation as well as dissolution fees. To dissolve an LLC in Missouri, LLCs have to file an Article of Dissolution. The filing fee is $25. The details are mentioned in the articles of dissolution filing form. Following are the ways to pay for the dissolution,

You can select a payment pick-up option.
There is an option for direct account transfer through your prepaid accounts.
LLC owners can also use their Credit cards, providing their complete details and types. Along with that, an original signature is required to authorize the transaction the state will make.

After Dissolving Your LLC

After you dissolve an LLC in Missouri, you can reinstate or revive the same within a given time. In Missouri, the LLC name will be available up to the time till SOS dissolves the LLC completely. After this, the name will be available to other LLCs. Besides, you might revive or reinstate the LLC in Missouri if that is available. According to the Missouri SOS, you can revive your LLC within 10 years.

Reasons Behind Dissolving an LLC in Missouri

People always think they can leave the company without any notice and there will be no issue. But if you have an LLC that you created with a legal obligation, it needs to be ended that way. Yes, if someone will dissolve an LLC in Missouri, they will have to do it while taking care of the government. For dissolving the company, there is always a reason. The reason can be voluntary or involuntary too. Let’s get to know about the involuntary reasons,

If the company was caught doing illegal business.
If the company’s member died due to some reason or went bankrupt.
The dissolution will be mandatory if the assets of the business are used unwisely.
If the time being of the company was already determined in the will, then the company will go into dissolution at that time.

Top Businesses in Missouri

With the population of 6,204,710, Missouri is one of the favorable places to start an LLC. According to several reports, starting an LLC for Hog Raising Business can be profitable as various places in the state showed steady growth in this business over the past few years. On the other side, based on the city or region you’re going to start your LLC, you can decide the type of business to start. Following are the top 5 businesses you can start in Missouri.

Hog Raising Business
Farming Business
Photo Editing Business
Bakery Business
Microbrewery

Missouri LLC Dissolution Review – A Quick Recap

Here’s a recap of the steps you must follow when dissolving your Missouri LLC. Click on the steps in this list if you want to read the full details.

Follow Your Missouri LLC Operating Agreement: Remember that when you started, you created an operating agreement. Use this agreement as a guide in proceeding with the dissolution of your LLC.
Close All Tax Accounts: Make sure you close all your tax accounts to avoid incurring further costs.
File Articles of Organization: File the article of dissolution to make it known to the state where your LLC operates that you are indeed no longer in business.

FAQs

How do I dissolve an LLC in Missouri?

To dissolve an LLC in Missouri, you must file Articles of Dissolution with the Secretary of State.

What is the filing fee for dissolving an LLC in Missouri?

The filing fee for dissolving an LLC in Missouri is $25.

Are there any specific forms required to dissolve an LLC in Missouri?

Yes, you must use the Articles of Dissolution form provided by the Missouri Secretary of State.

How long does it take to dissolve an LLC in Missouri?

The processing time for LLC dissolution in Missouri can vary, but it typically takes a few weeks.

Can I dissolve my LLC online in Missouri?

Yes, you can file for LLC dissolution online through the Missouri Secretary of State’s website.

Do I need to notify creditors before dissolving my LLC in Missouri?

Yes, you are required to notify all known creditors of your LLC’s dissolution in Missouri.

What happens to my LLC’s debts and liabilities after dissolution in Missouri?

In Missouri, your LLC must settle all debts and obligations before distributing any remaining assets to members.

Do I need to file a final tax return for my LLC in Missouri after dissolution?

Yes, you must file a final tax return for your LLC with the Missouri Department of Revenue.

Can I reopen my dissolved LLC in Missouri after a certain period of time?

In Missouri, you cannot reopen a dissolved LLC. You would need to form a new LLC if you wish to continue business operations.

Is there a grace period for filing dissolution documents for my LLC in Missouri?

There is no specific grace period for filing LLC dissolution documents in Missouri.

What happens if I don’t dissolve my LLC properly in Missouri?

If you fail to properly dissolve your LLC in Missouri, you may still be liable for taxes and compliance requirements.

Can I dissolve my LLC in Missouri if it is involved in a legal dispute?

Yes, you can still dissolve your LLC in Missouri even if it is involved in a legal dispute.

Can a member of the LLC oppose the dissolution in Missouri?

Yes, a member can object to the dissolution of an LLC in Missouri, but valid reasons must be provided.

Can I withdraw assets from my LLC before dissolution in Missouri?

It is advisable not to withdraw assets from your LLC before dissolution in Missouri, as this could complicate the process.

Can I dissolve my foreign LLC in Missouri?

Yes, you can dissolve a foreign LLC in Missouri by filing a certificate of withdrawal or dissolution with the Secretary of State.

Can the dissolution of an LLC in Missouri be revoked once filed?

No, once the dissolution documents are filed with the Secretary of State in Missouri, they cannot be revoked.

What is the penalty for not dissolving my LLC in Missouri?

Failure to dissolve your LLC in Missouri may result in penalties, fines, and legal liabilities.

Can I sell my LLC instead of dissolving it in Missouri?

Yes, you have the option to sell your LLC in Missouri instead of dissolving it, provided all members agree to the sale.

Can I dissolve my LLC in Missouri if it is not generating any income or activity?

Yes, you can dissolve your LLC in Missouri even if it is not active or generating income.

Do I need to notify the Missouri Department of Revenue when dissolving my LLC?

Yes, you must notify the Missouri Department of Revenue of your LLC’s dissolution and fulfill any tax obligations.

What happens to my Missouri LLC’s name after dissolution?

Once your Missouri LLC is dissolved, the name becomes available for use by other businesses.

Do I need to notify all members of my LLC before dissolving it in Missouri?

Yes, you must inform all members of your Missouri LLC about the decision to dissolve and follow the operating agreement provisions.

Can I dissolve my LLC in Missouri if it is still in the process of winding up its operations?

Yes, you can initiate the dissolution process for your Missouri LLC even if it is still winding up its operations.

Can I change the effective date of dissolution for my Missouri LLC?

Yes, you can select an effective date for the dissolution of your Missouri LLC, typically following the filing date.

Do I need a registered agent to dissolve my LLC in Missouri?

You do not need a registered agent specifically for the dissolution process in Missouri, but a registered agent may help with notifications and compliance.

Can I dissolve my Missouri LLC if it has outstanding debts?

Yes, you can dissolve your LLC in Missouri even if it has outstanding debts, but these debts must be settled during the dissolution process.

What is the process for transferring any remaining assets to members after dissolution in Missouri?

Under Missouri law, remaining assets of the LLC after settlement of debts are typically distributed to members according to their ownership interests.

Can creditors object to the dissolution of my LLC in Missouri?

Creditors may object to the dissolution of your LLC in Missouri if they believe it will impair their ability to collect outstanding debts.

Can I withdraw my filing for LLC dissolution in Missouri?

Depending on the stage of processing, you may be able to withdraw your filing for LLC dissolution in Missouri, but this could involve additional fees and paperwork.

Do I need to notify the state of Missouri if I am dissolving my LLC?

Yes, you need to file articles of dissolution with the Missouri Secretary of State in order to officially dissolve your LLC in the state.

In Conclusion

Dissolving a business is not an easy task as a lot of homework is involved with the process. The official process might have only a few steps, however, before and after dissolving the LLC, there might be a lot of other tasks. In this case, it is highly recommended to get a professional service. If you are looking to file an LLC at $0, then ZenBusiness is your answer.

Limited liability companies reduce owners’ personal liability. Having an LLC is quite cost-effective. However, if it is required to close down the business, then the dissolution process should be done legally. This article shared the general steps. Let us know if you have any queries.