A Mississippi Limited Liability Company provides owners flexibility while giving personal liability protection. To start an LLC in Mississippi:
- Choose a business name and ensure it complies with naming rules.
- Appoint a registered agent to receive legal documents. You can be the registered agent or hire a company.
- File the Certificate of Formation and pay the $50 filing fee to register the LLC.
- Create an operating agreement, although not required, to organize the terms of your LLC.
- Obtain an EIN for tax and banking purposes.
- Comply with state business operational requirements.
Starting an LLC in Mississippi takes only minutes but correctly structuring your business from the start avoids issues.
Mississippi LLC formation costs include:
- $50 for the Certificate of Formation
- Optional $25 for a DBA
- Registered agent can vary from $0 to $125 annually
- Bank account maintenance could be around $10-$20/monthly
- Certified copy of documentation: $10 each
- Certificate of Good Standing: $25
- Name reservation: $25
The primary cost is the $50 filing fee. Mississippi does not charge annual fees for LLCs. Expect 1-2 days for processing via the Secretary of State. Additional rural credits and healthcare incentives may be available.
To start an LLC, ensure you:
- Pay the $50 filing fee
- Appoint a registered agent
- File the Certificate of Formation
- Obtain an EIN
- Comply with Mississippi operational requirements
The process is usually completed in 1-2 business days, and there are no annual report fees. Expedited services are not provided, and dissolution should be completed to avoid fees. The $50 filing fee is for domestic entities, while foreign entities require $250. There’s no fee for submitting annual reports by April 15th, but LLCs are subject to state taxes.