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How do I create an LLC in Missouri?

Choosing the right business structure is an important decision. By researching your options and considering your future business goals, you can make the best choice. There are currently about 127,000 active LLCs in Missouri. If you’re wondering how to create an LLC in this state, read on for important ideas.

The first thing to do is hire a qualified business attorney who can partner with you to efficiently and comprehensively complete paperwork required by the state to create an LLC.  Leveraging a skilled attorney’s past experience can help you avoid pitfalls and benefit from his legal acumen.  To [...]

How Do You Declare a Business Bankruptcy?

Whether due to declining sales, increased business competition, or difficult economic headwinds, there are many reasons why business owners can struggle with mounting and unmanageable debt. Creditors may be calling, and banks are pressuring you to repay loans. If this sounds like your situation, it may be time to declare a business bankruptcy. Rather than being a discouraging end to your business, it can actually provide a fresh start for you and your family. Whether you dissolve the business altogether or simply restructure its debt, there are multiple bankruptcy options to explore.

At Birk Law Firm, you can ask our bankruptcy [...]

Do You Need a Lawyer to Dissolve Your Business?

“Do you need a lawyer to dissolve your business?” This question is frequently raised by business owners as they make the difficult decision to cease operations and move in a new direction.

Honestly, closing a business is complicated. There are always multiple “stakeholders.” It is important to ensure that each is treated appropriately. Also, as a business owner, you must abide by all relevant state and local laws, file very specific paperwork, and position yourself well for the future. So, do you need a lawyer to dissolve your business? Quite simply, yes!

Working with a reputable business attorney can help you dissolve your business efficiently and [...]

Can I File Bankruptcy Without My Spouse?

One partner can file bankruptcy without their spouse in Missouri; and in many cases, a partner can do so without affecting the other spouse’s credit record. However, even though an individual bankruptcy may eliminate the filing spouse’s liability for jointly-held/co-signed debts, this does not stop creditors from pursuing the non-filing spouse for repayment of these debts. In other words, your filing individual bankruptcy does not protect your spouse from co-signed or jointly incurred debts.

For this reason, it may be best to file for bankruptcy as a couple. It is also important to remember that some debts cannot typically be eliminated through bankruptcy, including taxes [...]