Changing Ownership

If you are a business owner and you want to sell your business, you must complete the following steps:

  • If you are a For Profit Corporation or Not For Profit Corporation, you must submit Articles of Merger to the office of the Missouri Secretary of State
  • If you are a Limited Liability Company, you must submit an Amendment of Articles of Organization to the office of the Missouri Secretary of State
  • If the change in ownership will also result in a change of the business name, you must submit a Statement of Change of Registered Agent or Registered Office to the office of the Missouri Secretary of State
  • If the change of ownership will result in a layoff affecting 50 or more employees, you are required to file a Worker Adjustment and Retraining Notification (WARN) with the Missouri Division of Workforce Development
  • If the change of ownership will result in layoffs, you may also consider contacting the Missouri Division of Workforce Development Employee Transition Team to provide reemployment services for your affected workers
  • Changes in business, including an address change, successorship, or new ownership should also be reported to the Missouri Department of Labor’s Division of Employment Security to ensure proper procedures are followed to meet unemployment insurance responsibilities. This applies only to employers liable for unemployment.
  • Federal information regarding the sale of a business may also be applicable to you

Relocating a Business

If you are a business owner and you are relocating your business, the following information may be relevant to you:

Reducing Workforce

If you are a business owner and you are experiencing a reduction in available work, the following resources are available to you:

  • The Shared Work Unemployment Compensation Program offered by the Missouri Department of Labor and Industrial Relations may be an alternative to layoffs. It allows an employer to divide the available work among a specified group of affected employees instead of a layoff. These employees receive a portion of their unemployment benefits while working reduced hours. 
  • If layoffs will affect 50 or more employees, you are required to file a Worker Adjustment and Retraining Notification (WARN) with the Missouri Division of Workforce Development.
  • You may also consider contacting the Missouri Division of Workforce Development Employee Transition Team to provide reemployment services for your affected workers. By helping your workers land new jobs and avoid a gap in employment, your unemployment insurance rate is less likely to be affected.
  • Refer to this Quick Guide-Laying off Employees to learn more about how layoffs may affect your unemployment rate. If you are executing a temporary mass layoff (20 workers or more), you may file a mass claim.   

Declaring Bankruptcy

If you are a business owner and you are declaring bankruptcy, the following information may be relevant to you:

Dissolving a Business

If you are a business owner and you want to dissolve your business, you must complete the following steps:

An employer that ceases to have employment without a successor to its business may be exempted from filing unemployment insurance quarterly reports beginning with the first day of the calendar quarter following the last date it paid any wages, provided it files an application for such exemption.