How to Start an LLC in Mississippi: Step-by-Step Guide

Step 1: Name Your Mississippi LLC

Choosing a company name is the first and most important step in starting your Mississippi LLC. Be sure to choose a name that complies with Mississippi law and is easily searchable by potential clients.

1. Follow the naming guidelines:

• Your name must include the phrase “limited liability company” or one of its abbreviations (LLC or L.L.C.).
• Your name cannot include words that could confuse your LLC with a government agency (FBI, Treasury, State Department, etc.).
• Restricted words (e.g. Bank, Attorney, University) may require additional paperwork and a licensed individual, such as a doctor or lawyer, to be part of your LLC.

2. Name Availability in Mississippi.Make sure the name you want isn't already taken by doing abusiness name searchon the State of Mississippi website.

To learn more aboutsearching for a Mississippi LLC name, read our full guide. Find name ideas using our free LLCname generator.

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

Once you have verified your name is available, you may now select a professional service to complete the LLC formation process for you.

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FAQ: Naming a Mississippi LLC

Step 2: Choose a Registered Agent in Mississippi

You arerequiredto nominate aMississippi registered agentfor your LLC.

What is a registered agent?A registered agent is an individual or business entity responsible for receiving important legal documents on behalf of your business. Think of your registered agent as your business's point of contact with the state.

Who can be a registered agent?An LLC's registered agent must be a resident of Mississippi or a corporation, such as aregistered agent service, authorized to transact business in Mississippi. You may elect an individual within the company including yourself.

FAQ: Nominating a Registered Agent

Step 3: File the Mississippi LLC Certificate of Formation

To register your Mississippi LLC, you will need to file theCertificate of Formationwith the Secretary of State. This can be done online.

Now is a good time to determine whether your LLC will bemember-managed vs. manager-managed.

You'll also need to know yourNAICS codenumber (Mississippi requires it).

For help with completing the form, visit ourMississippi Certificate of Formationguide.

If you’re expanding your existing LLC to the state of Mississippi, you will need to form aforeign LLC.

Mississippi NAICS Requirement

When filing the Mississippi LLC formation documents, you are required to include your NAICS code. The North American Industry Classification System (NAICS) consists of six-digit codes given to a business depending on the type of trade it engages in.

You can look up the NAICS code for your type of business by using ourNAICS Code Lookup Tool.

FAQ: Filing Mississippi LLC Documents

Step 4: Create a Mississippi LLC Operating Agreement

Whenforming an LLC in Mississippi, LLCs are not required to have an188金宝搏官方网站, but it's a good practice to have one.

What is an operating agreement?An188金宝搏官方网站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 LLC owners are on the same page and reduces the risk of future conflict.

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

FAQ: Creating a Mississippi LLC Operating Agreement

Step 5: Get an EIN

You can get an Employer Identification Number (EIN) from the IRS for free. It is used to identify a business entity and keep track of a business’s tax reporting. It is essentially a Social Security number (SSN) for the company.

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

• To open abusiness bank accountfor the company
• For federal and state tax purposes
• 雇佣employees for the company

Where do I get an EIN?An EIN is obtained from the IRS (free of charge) by the business owner after forming the company. This can be done online or by mail.

FOR INTERNATIONAL APPLICANTS:Youdo not need an SSNto get an EIN.Learn more here.

FAQ: Getting an EIN

How to Maintain Your LLC

File the Annual Report

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

Mississippi LLC annual reports are due by April 15 every year. Any annual report received after April 15 will result in your business losing its good standing with the state.

Keep Your Company Compliant

Mississippi LLC Business Licenses & Permits

To operate your LLC, you must comply with federal, state, and local government regulations. Fees and requirements for licenses and permits will vary depending on what sort of business license you need.

Find out how to get the necessary business licenses and permits for your LLC with ourMississippi Business Licenseguide.

Mississippi LLC Tax Filing Requirements

In order to keep your business in good standing, it's important to stay up to date on yourMississippi LLC taxes.

Depending on the nature of your business, you may be required to register for one or more forms of tax:

Mississippi Sales Tax

If you are selling a physical product, you’ll typically need to register for aseller's permitthrough theMississippi Department of Revenuewebsite.

Mississippi's statewide sales tax is 7%. Two cities — Tupelo and Jackson — impose an additional .25% and 1% local sales tax, respectively.

Mississippi Employer Taxes

If you have employees in Mississippi, you will need to register forUnemployment Insurance Taxthrough the Mississippi Department of Employment Security. You will also need to sign up forEmployee Withholding Taxthrough the Mississippi Department of Revenue.

Income Tax

State
Individual income tax rates in Mississippi range from 0% to 5%. Your rate will ultimately depend on your LLC's income.

State tax returns are due each year by April 18. To calculate your tax or determine your tax bracket, visit theMississippi Department of Revenue website.

Federal
You’ll also need to report your federal income tax using eitherForm 1065(multi-member LLC) orForm 1040 Schedule C(single-member LLC).

Hiring Employees in Mississippi

If you plan to hire employees, stay compliant with the law by following these steps:

• Verify that new employees areable to work in the US
• Report employeesas "new hires" to the state
• Provideworkers' compensationinsurance for employees
• Withhold employee taxes
• Printworkplace compliance postersand place them in visible areas of your workspace

Find out more information from the密西西比州的就业安全.

Mississippi Business Resources

• Mississippi Secretary of State Business Services
• Mississippi Small Business Resources
• Understanding Mississippi LLC Laws
• Mississippi LLC
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