Updated on November 8th, 2021
The Missouri single-member LLC operating agreement is a state-required document wherein the owner of a limited liability company defines the inner structure of their business. The document details the owner’s rights and obligations and how the company handles essential financial matters, such as taxes and bookkeeping. The agreement also serves to further separate the company as a separate entity from the owner, thereby helping to protect the owner’s personal assets from any company debt or potential lawsuits.
The state of Missouri is one of few states that requires that an operating agreement be drafted; however, this is an internal document and need not be filed with the Secretary of State.