Setting Up a Sole Proprietorship in Mississippi
A sole proprietorship has one owner. To start, decide on a business name. You can use your own name or create a separate "doing business as" (DBA) name. Next, register your DBA name locally. You also need business licenses and permits from state and local agencies to operate legally.
Establishing Yourself as a Sole Proprietor
A sole proprietorship has one owner. Decide on a business name using your own name or create a separate "doing business as" (DBA) name. There are a few steps you need to take to register a sole proprietorship in Mississippi: obtain a business license from the Mississippi Department of Revenue, then register your business with the Mississippi Secretary of State.
Registering a Mississippi DBA
Registering a Mississippi DBA is a simple two-step process:
- Choose and Search for Your Mississippi DBA Name.
- Register Your Mississippi DBA.
You can hire a professional service to file your DBA for you. Their packages start at $99 plus state fees. The advantage is that you don’t have any formalities to respect to form a sole proprietorship.
Sole proprietorships are suited for Mississippi small businesses with low risks and individuals who want complete control without complexities of a separate legal entity. A Limited Liability Company combines features of partnerships and corporations, offering liability protection while allowing flexibility.
Most businesses in Mississippi need to register with agencies based on location or activities, not entity type. An online business still needs a sales tax permit from the Department of Revenue. Our answer is that online businesses are great to start in Mississippi as there aren’t a lot of licenses or permits to apply for.