Moving an LLC to a new state is common. If you’re headed to Missouri and want to take your LLC with you, you have a couple options:
Can I register as a foreign LLC in Missouri?
Yes. One way to operate as an out-of-state business in Missouri is to register for foreign qualification. Here’s what you’ll need to do:
- Submit an Application for Registration of a Foreign Limited Liability Company
- Obtain a Certificate of Good Standing from your state
- Pay the associated fee of $105
Foreign registration means your LLC will still exist in the state in which it was formed (aka the state of domicile)—but, your LLC will also be able to transact business in Missouri. One thing to keep in mind with foreign registration is you’ll have to file annual fees with all states in which you’re registered. So, if your LLC will only be operating out of Missouri, foreign registration may not be your best option.
Should I form a new Missouri LLC?
Unless you’re planning to register as a foreign LLC in Missouri, creating a brand new Missouri LLC might be your best bet. Although this may require filing dissolution fees in your original state of domicile and will require start-up fees in Missouri, it may save you money down the line to consolidate your business operations into one state.
Does Missouri offer domestication for LLCs?
No. Unfortunately, Missouri’s corporate statutes do not contain domestication laws. Domestication is the process of transferring a company’s registration information from one state to another—it bypasses the cumbersome process of dissolving one LLC then forming a brand new LLC in another state. Domestication is often the easiest way to move a business from one state to another, but not all states offer domestication services.
To make sure you’ve explored all your options—especially when deciding what’s right for your unique business—you might want to reach out to a business attorney or CPA before moving your LLC to Missouri.