How Much Does It Cost to Start an LLC in Mississippi?

Mississippi LLC Online Filing Fee: $50

The main cost tostart an LLC in Mississippiis the $50 fee to file your LLC's Certificate of Formation online with the Mississippi Secretary of State.

For a look at LLC costs in every state, read our otherCost to Start an LLCandHow to Form an LLCguides.

Cost to Form a Foreign LLC in Mississippi

If you already have an LLC that is registered in another state and you’d like to expand your business into Mississippi, you’ll need to register your LLC as aforeign LLC in Mississippi.

The cost for registering aMississippi foreign LLC is $250. You can register a foreign LLC in Mississippi by filing anApplication for Registration of Foreign Limited Liability Company.

Optional LLC Formation Costs

There are optional fees associated with LLC formation:

LLC Name Reservation

Reserve your name for up to 180 days prior to LLC formation by filling anLLC name reservationonline and paying the $25 filing fee.

Fictitious Name

File aFictitious Business Name Registrationand pay the $25 filing fee to create a name other than your legal LLC business name.

Seven Basic Steps to Start an LLC in Mississippi

Step 1:Name Your Mississippi LLC
Step 2:Choose a Registered Agent
Step 3:File a Certificate of Formation
Step 4:Create an Operating Agreement
步骤5:Get an EIN
Step 6:File the Annual Report
Step 7:Keep Your Company Compliant

Step 1: Name Your Mississippi LLC

When you name your Mississippi LLC, you’ll need to choose a name that:

1. Is available for use in the state of Mississippi
2. Meets Mississippi naming requirements
3. Is available as a web domain

Recommended:Visit ourStart an LLC in Mississippiguide for detailed naming rules and instructions for registering a business name in Mississippi.

Not sure what to name your business?Check out ourHow to Name a Businessguide and freeLLC Name Generator.

We recommend that you check online to see if your business name is available as a网络域. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Step 2: Choose a Registered Agent

All LLCs in Mississippi must appoint aregistered agent. A registered agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for acceptingservice of processin the event your business is sued.

Your Mississippi registered agent must:

• Be at least 18 years or older
• Have a physical address in Mississippi
• Be available during normal business hours to accept service of process

Step 3: File the Certificate of Formation

The Mississippi Certificate of Formation is a document that is filed with the Mississippi Secretary of State to form an LLC. The fee for filing a Certificate of Formation is $50 online.

For detailed instructions for completing the Certificate of Formation, visit ourHow to File the Mississippi Certificate of Formationguide.

Step 4: Create an Operating Agreement

An operating agreement isn't required for Mississippi LLCs, but it's a good practice to have one.

What is an operating agreement?An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.

Why are operating agreements important?A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.

For more information on operating agreements, read ourMississippi LLC operating agreementguide.

步骤5:Get an EIN

What is an EIN?AnEINor Employer Identification Number is a nine-digit number issued by theInternal Revenue System (IRS)to identify a business for tax reporting purposes.An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN?An EIN number is required for the following:

• Opening abusiness bank account
• Hiring employees

Step 6: File the Annual Report

Mississippi requires LLCs to file an annual report with the Mississippi Secretary of State. There is no filing fee.

While there are no late fees, Mississippi will dissolve your LLC after four months if you fail to file your annual report.

Step 7: Keep Your Company Compliant

Maintaining compliance with various regulatory bodies is an essential aspect of operating your Mississippi LLC.

This involves obtaining the right licenses and permits, staying updated with tax obligations, and adhering to proper employment practices.

Here are the key points to remember:

• Secure all required business licenses and permits. This depends on your LLC's operations, and can involve federal, state, and local regulations.
• Remain current with your Mississippi LLC taxes, which may involve registering for:
• Sales tax if you're selling physical products.
• Employer taxes if you have employees.
• File your state and federal income tax return.
• For hiring employees, ensure to:
• Verify their work eligibility in the US.
• Report them as “new hires” to the state.
• Provide workers' compensation insurance.
• Withhold employee taxes.
• Display compliance posters in your workspace.