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| Be Unique: | Use a Legal Designator: | Stay Honest: |
|---|---|---|
Your new business entity name must be distinguishable from other domestic or foreign business names already registered in the state. | The name must include "Limited Liability Company," "Limited Company," "LC," "L.C.," "L.L.C.," or "LLC." | Avoid misleading words like "Trust," "Inc," or "Corporation". |
General Business Information | Includes your LLC name, effective date, business purpose, duration (perpetual or fixed), and registered agent details as listed in your Articles of Organization. |
Management Structure | Defines whether the LLC is member-managed or manager-managed. It also explains who has the authority to run daily operations and enter into contracts on behalf of the LLC. |
Tax Designation | Outlines intended tax structure. Actual tax treatment follows IRS rules and elections, not the operating agreement alone. |
Member Information | Lists all LLC members and their ownership percentages (membership interest). It also clarifies each member’s role in the business. |
Capital Contributions | Details how much money (or assets) each member contributes to the LLC and how those contributions are recorded. |
Voting Rights and Decision Making | Explains how decisions are made. Voting power is typically based on ownership percentage. It also outlines which decisions require member approval, such as adding or removing members. |
Membership Changes | Covers how ownership can be transferred, and the process for adding or removing members from the LLC. |
LLC Dissolution | Provides guidelines for winding up the LLC, including how assets are distributed and how the business is formally closed with the state of Missouri. |
Record Keeping and Distribution | States that all members should receive a copy of the Operating Agreement and that it should be kept with the LLC’s business records. |
