SCS/SB 1142 - This act modifies provisions relating to limited liability companies. A new provision is created allowing any person to apply to the Secretary of State (SOS) to furnish a certificate of good standing for a domestic limited liability company, a foreign limited liability company, a domestic limited liability company series, or a foreign limited liability company series. A certificate of good standing issued by the SOS may be relied upon as prima facie evidence that the domestic or foreign limited liability company is in existence or is authorized to transact business in this state. The act provides that, not later than January 31, 2027, each series of a limited liability company shall be individually profiled, maintained, and searchable as a business entity on the business services website of the SOS in the same manner that a non-series entity is profiled, maintained, and searchable. This act is identical to certain provisions in the truly agreed to SS/SCS/HCS/HB 2508 (2026), certain provisions in HCS/HB 1713 (2026), and certain provisions in HCS/HB 3116 (2026). SCOTT SVAGERA

2026 Regular Session Introduced by Brad Hudson

SB 1142 modifies Missouri's series LLC regulations, potentially altering liability protections and operational requirements for multi-series business entities.

Letter of approval from the Governor

Legislative bill overview

SB 1142 modifies Missouri's legal framework governing series limited liability companies (LLCs), a specialized business structure where a single LLC can establish multiple distinct series, each with separate assets and liabilities. The bill adjusts provisions related to how these series entities are formed, operated, and protected under state law. Specific amendments are not detailed in the available information, but the changes appear designed to clarify or expand the utility of series LLC structures for business purposes.

Why is this important

Series LLCs allow entrepreneurs and investors to operate multiple business ventures under one legal entity while maintaining liability protection between series, potentially reducing administrative costs and complexity. Changes to Missouri's series LLC rules could affect how small businesses, real estate investors, and other commercial entities structure their operations and manage risk. This type of legislation can influence whether Missouri remains competitive with other states in attracting business formation.

Potential points of contention

Creditor protection concerns: Modifications to series liability protections could either strengthen or weaken creditor rights depending on the changes, potentially affecting lending practices

Tax implications: Unclear how modified series structures interact with state and federal tax treatment, which could impact business formation decisions

Operational clarity: Without specific amendment details, unclear whether changes simplify compliance or create new compliance burdens for existing series LLCs