Forming A Missouri Limited Liability Company (LLC)
A Missouri limited liability company is well-suited for single owner or multi-owner companies. For a single owner, the LLC’s purpose is protection of your personal money and property by separating your assets from the assets of the business. That being said, just forming an LLC DOES NOT provide complete protection. Our St. Louis LLC attorneys will counsel you in the necessary steps to best limit your liability and make it extremely difficult, if not impossible, to “pierce the corporate veil,” as it is called — which means that someone can sue you personally for damage, debt or liability related to the company because the business was not properly separated from you personally. Additionally, there may be tax benefits to running your business as a limited liability company.
Limited Liability Companies For Partners
Two or more owners get the liability benefits mentioned above, but can also use an operating agreement to outline the relationship between owners, how the money will be distributed and how the business will dissolve, just to name a few. To learn more, contact us at (314) 819-5713 or send us an email.
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