A Missouri limited liability company operating agreement is a required contract that business owners must execute to comply with state law. This paperwork is designed to solidify membership interests and plainly state the company’s tax status and operational policies. Therefore, it is imperative this contract represents each one’s capabilities and the membership rules they are willing to comply with.
It will be up to the Missouri members to perform their own research and engage in any needed consultations before committing to the provisions of their agreement. After each has signed this paperwork, it should be kept available for reference in the company files.
Is it Required in Missouri?
Yes, the State of Missouri requires all limited liability companies to institute an operating agreement that the members deem appropriate.
Laws – § 347.081
Templates (2)
Single-Member LLC operating agreement – The contract required by Missouri limited liability companies with no more than one (1) member.
Multi-Member LLC operating agreement – Contract required by Missouri limited liability companies with a minimum of two (2) members.
State Definition
“‘Operating agreement’, any valid agreement or agreements, written or oral, among all members, or written declaration by the sole member concerning the conduct of the business and affairs of the limited liability company and the relative rights, duties and obligations of the members and managers, if any.”
