Category: Business

Steps to Start a Business

If you’re thinking about starting a business in Missouri, then you’ve chosen the right place. Missouri has shown remarkable economic performance in recent years, leading the nation in employment and job growth in 2024. Industries that have shown the most growth include healthcare, leisure and hospitality, and construction, according to Missouri Partnership, a public-private economic development organization. In addition, Missouri has a central location in the U.S. and a comprehensive transportation network, and it tries to create a business-friendly environment by:

  • Reducing regulatory burdens
  • Streamlining business processes
  • Supporting innovation [...]

How Do I Create an LLC in Missouri?

If you are starting a new business in Missouri, one of the first decisions you must make is to choose the structure that works for you. It is possible to set up your business as a Limited Liability Company (LLC), an S-Corporation, a sole proprietorship, a partnership for two or more people to own a business together, or some other business structure.

LLCs are a popular choice for small businesses due to their flexibility, limits on personal liability, and tax advantages. The following are things you need to do when creating an LLC in this state.

Steps to Create an LLC in Missouri

There are several tasks to setting up an LLC. Before doing anything, consider [...]

The Process of Dissolving a Business: A Complete Guide

How to Shut Down a Business

Closing a business may not be as exciting as opening and running one, but when done properly, it may not be a negative experience, and it can lead to positive opportunities and new successes for you in the future. There are certain steps, paperwork, and procedures necessary for the process of dissolving a business. Depending on the size, structure, and complexity of your business, the process can take anywhere from weeks to years to be completed, and there are laws that must be observed to prevent problems and potential lawsuits from arising. The situation can be daunting at first, but an experienced Missouri business attorney can provide guidance a [...]

How To Establish a Corporate Veil

The last thing a business owner wants is to wind up being personally sued in a lawsuit for problems that arise in the business. To protect yourself from personal liability, it is essential to set up a corporate veil. The corporate veil is the legal term used to describe the separation between the assets of a legal entity and the personal assets of shareholders, directors, and officers. The corporate veil provides liability protection for business owners by protecting their personal property from being used to satisfy judgments or business liabilities. 

However, some ways of setting up a corporate veil provide more protection than others, and the corporate structure you c [...]

Do you need an attorney to form a Missouri LLC?

A limited liability company (LLC) is one legal structure you can choose when starting a business. There are several other structures, too. The value of an LLC is that it limits your personal liability like a corporation does while at the same time giving you the flexibility and lack of formality available through a sole proprietorship or partnership.

If you’ve chosen to move ahead with an LLC structure, you may be asking yourself, “do you need an attorney to form a Missouri LLC?” The short answer is no. You can form an LLC in Missouri by filing the legal paperwork yourself or by using a professional, online business formation service like LegalZoom. However, the longe [...]