The short answer
Yes — Missouri is a reasonable LLC home for the right founder. Strong points: No annual report required, Low filing fee.
Three deciding questions
1. Do you live or operate in Missouri?
If yes, form here. Out-of-state formation while operating in Missouri costs double, not half.
2. What is the 5-year all-in cost?
$300 (filing + 5 × annual report + $50 registered agent + franchise minimums). This is the actual number to compare across states.
3. What are your three real requirements?
- Privacy: 6/10 (moderate — members appear on public filings).
- Banking: 8/10 (workable but not premium).
- Cost: low 5-year total.
Missouri pros
- No annual report required
- Low filing fee
- Fast online
Missouri cons
- Public member info
Most common alternative
Wyoming for cost + privacy. Delaware for VC-backed startups. Your home state if you operate there. Run the 5-question quiz for a personalized shortlist.