To constitute an "affiliated business" in Missouri, which of the following must occur?

In Missouri, for a relationship to be recognized as an "affiliated business," it is essential that a written agreement exists among the parties involved. This agreement formalizes the partnership and outlines the roles, responsibilities, and operational procedures, thereby establishing a clear legal framework for how the affiliated business will function.

The presence of a written agreement is crucial because it not only provides documentation of the partnership but also helps ensure compliance with regulatory standards. This legal agreement often stipulates how profits and costs will be shared, and it clarifies the nature of the relationship between the entities involved.

While real estate involvement may often be a component of affiliated businesses in the title industry, it is not a requisite for defining an "affiliated business" by itself. Similarly, notifying underwriters is part of operational processes post-agreement but does not itself constitute the formation of an affiliated business. Therefore, the existence of a written agreement is the defining factor in this context.