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June 20, 2013

Missouri Governor Expected to Sign Bill Creating Cooperative Associations

Armstrong Teasdale LLP
Guy A. Schmitz
Armstrong Teasdale
Sunday, June 12, 2011
Administrative & Regulatory / Antitrust & Trade Regulation / Corporate & Business Organizations / Tax
Missouri
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A Missouri bill creating cooperative associations will become effective Aug. 28, 2011, after Gov. Jay Nixon signs the legislation into law. He is expected to do so shortly.

Rep. John Diehl, an Armstrong Teasdale LLP partner, was the House floor handler for Senate Bill 366, which was passed by the Missouri General Assembly on May 2, 2011.

Some of the significant provisions of the Senate Bill permit a cooperative to:

  • Provide products, services, and marketing programs for its members
     
  • Act as an agent in negotiating and procuring products, services, and marketing programs for its members
     
  • Market and process products and services for its members

The cooperative, depending on its form, can be taxed as a corporation or partnership.

Senate Bill 366 also addresses other, more technical, issues. It is available on our Web site here.

© Copyright 2013 Armstrong Teasdale LLP. All rights reserved

About the Author

Guy A. Schmitz
Of Counsel

Guy Schmitz is a member of the Tax, Employee Benefits, and Trust & Estates practice group. Businesses of all sizes, in a broad range of industries, look to him for strategic federal, state and local tax advice.

gschmitz@armstrongteasdale.com
314-621-5070
www.armstrongteasdale.com/guy-schmitz

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