Starting an LLC in Mississippi
The cost to start an LLC (limited liability company) online in Mississippi is $50. This fee is paid to the Mississippi Secretary of State when filing the LLC’s Certificate of Formation. We recommend Northwest ($29 + State Fees) to help form your LLC.
Mississippi is a southern state known for its namesake river and as the birthplace of Elvis Presley and Oprah Winfrey! However, Mississippi tends to rank low on lists of the best states for business, mostly due to poor infrastructure, weak innovation, and a lack of business friendliness. Mississippi ranks among the best when it comes to cost of living and cost of doing business, which means it is an affordable state for entrepreneurs.
Business Structure and Costs
Some options for registering your business structure in Mississippi include a sole proprietorship, a partnership, an LLC, or a corporation. To file an LLC in Mississippi, the cost is $50 online.
Additional Requirements and Costs
Depending on where your LLC does business in Mississippi, you may need to obtain additional business licenses or permits, such as a City Business Permit. The cost for registering a Mississippi foreign LLC is $250. The franchise tax in Mississippi costs $2.50 per $1,000 of capital used in the state.
Mississippi law states that your LLC’s name should not be "misleadingly similar" to other businesses and must include "Limited Liability Company" or its abbreviations. It’s free to apply for an EIN, which you should do right after you register your business.
The business term DBA (doing business as) in Mississippi is any registered name that a person or company uses that is not the legal name. A DBA costs $25 to register with the Mississippi Secretary of State.
When forming an LLC in Mississippi, you’ll likely have questions. We’ve gathered some of the most frequently asked questions to assist you with your Mississippi LLC.
Registering Your Business
If you know the required procedures, registering a business in Mississippi can be a smooth and efficient process. Here are seven simple steps to register your business:
- Secretary of State Filing Fee
- Business Licenses and Permits
- Registered Agent Selection
- EIN Application
- DBA Name Registration
- Business Name Reservation
- Additional State Regulations
By registering your DBA name in Mississippi, you create a public record of your business’s identity. When operating a DBA, consult an attorney or advisor in Mississippi to understand your obligations.