If a new corporation, limited liability company or limited partnership is formed, banks will not open an account for the new entity until the required paperwork has been filed with the Missouri Secretary of State and a state registration number has been issued. Zoning laws specify what business activities may or may not be conducted in particular locations. Make sure that appropriate zoning exists for an intended business location before signing a lease or purchase contract. If so, the business seller must furnish a list of existing creditors and prepare a schedule of property being sold. The buyer is then responsible for notifying all business creditors of the sale.
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