Register for an LLC in mississippi [Must Read]



Last updated : Sept 13, 2022
Written by : Lloyd Sedillo
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Register for an LLC in mississippi

How do I start an LLC in Mississippi?

  1. Name Your Mississippi LLC.
  2. Choose Your Registered Agent.
  3. Prepare and File Certificate of Formation.
  4. Receive a Certificate from the State.
  5. Create an Operating Agreement.
  6. Get an Employer Identification Number.

How much does a LLC license cost in Mississippi?

Mississippi LLC Filing Fee The cost of filing your Certificate of Formation in Mississippi is $50. Filing your Application for Name Reservation costs $25. You'll file your forms and pay your Mississippi LLC filing fees through the Secretary of State's Business Services portal.

How long does it take to register an LLC in Mississippi?

Processing Time: You will get LLC in Mississippi immediately if you file it online. For the mail filing, it takes 3-5 business days to get an LLC. By paying an additional fee, it can be expedited.

How do I register my business with the state of Mississippi?

Companies may register online at www.DOR.ms.gov.

How are LLCs taxed in Mississippi?

No Corporate/Franchise Taxes Mississippi does not impose any corporate or franchise tax on LLCs. The only taxes owed on the LLC's revenue is the personal income tax paid by the members.

How do I get an EIN number in Mississippi?

Once you determine that your small business needs a Mississippi state tax ID, the most convenient channel to apply is online. You can complete the online application in a matter of minutes, then wait a few days to a few weeks for the application to fully process.

How much does an EIN cost in Mississippi?

Plus, getting an EIN is free and takes just 10 minutes online.

How do you start an LLC?

  1. Step 1: Choose a name for your LLC.
  2. Step 2: Reserve a name (optional)
  3. Step 3: Choose a Registered Agent.
  4. Step 4: Prepare an LLC operating agreement.
  5. Step 5: File organizational paperwork with the state.
  6. Step 6: Obtain a certificate from the state.

Is a business license required in Mississippi?

While Mississippi doesn't require every business to get a business license, local counties and cities may if you operate within their area. The state does require all retail establishments and some service providers to obtain a Sales and Use Tax permit.

What is a sole proprietorship vs LLC?

An LLC exists separately from its owners—known as members. However, members are not personally responsible for business debts and liabilities. Instead, the LLC is responsible. A sole proprietorship is an unincorporated business owned and run by one person.

How do I go about getting a business license?

  1. Form Your Business Entity. You'll need a business license in the name of your business.
  2. Apply for an Employer Tax Identification Number.
  3. Determine Which License(s) You Need.
  4. Apply for a Business License.
  5. Renew Your Business License.

What is an LLC business?

A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company. Owners of an LLC are called members.

Is business ID same as Ein?

If you operate a business the IRS may require you to obtain an Employee Identification Number (EIN), which is also referred to as your business tax ID number. Each EIN is unique in the same way that your Social Security number is.

How can I start my own small business?

  1. Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business.
  2. Write your business plan.
  3. Fund your business.
  4. Pick your business location.
  5. Choose a business structure.
  6. Choose your business name.
  7. Register your business.
  8. Get federal and state tax IDs.

How much are business taxes in Mississippi?

Mississippi also has a 4.00 to 5.00 percent corporate income tax rate. Mississippi has a 7.00 percent state sales tax rate, a max local sales tax rate of 1.00 percent, and an average combined state and local sales tax rate of 7.07 percent.

How old do you have to be to get an LLC in Mississippi?

Mississippi does not have a provision specifying where members/managers must reside. Age requirements. Directors must be at least 18 years old. Inclusion in the Certificate of Formation.

How old do you have to be to get an LLC in MS?

Get a Registered Agent For anyone electing to act as their own LLC's registered agent, note that you must be at least 18 and have a physical address within Mississippi.

What income is not taxable in Mississippi?

For 2022, the first $5,000 of taxable income is exempt, but the first $10,000 is exempt beginning in 2023. Plus, the tax rate on taxable income above $10,000 is gradually reduced starting in 2024. Seniors will also like the fact that most retirement income is exempt from Mississippi tax.

Is an EIN number free?

Applying for an Employer Identification Number (EIN) is a free service offered by the Internal Revenue Service.

How do I start a sole proprietorship in Mississippi?

  1. Choose a business name.
  2. File an application for a fictitious name with the Secretary of State (optional).
  3. Obtain licenses, permits, and zoning clearance.
  4. Obtain an Employer Identification Number.


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Register for an LLC in mississippi


Comment by Jin Lepri

how to start an llc in mississippi today you will learn about the most common ways to start your business including the correct forms you'll need how to register your llc critical naming requirements and all other vital tips and tricks then as a bonus later on in the video i will reveal to you a trustworthy registered agent who will help set up your llc for free so make sure to stick with me until the end the state of mississippi like other states has several specific llc requirements there are three main ways you can start an llc in mississippi first is the diy or do-it-yourself process where you mostly depend on mississippi state's website the second way is hiring a professional service that practically offers more efficiency and security in the process of creating your llc while the third one is hiring an attorney we will skip the attorney hiring portion because that's expensive and most business owners won't need that service first let's take a look at the steps required for starting an llc on your own step one name your business before anything else you will have to think of the llc's legal business name each llc in mississippi must have a distinct llc name that is not currently in use you must include the terms limited liability company or an abbreviation such as llc you cannot include phrases such as a corporation which would lead people to believe you are a different business organization knowing if your business name is taken or not is very easy just go to google and type in the words business entity records mississippi secretary of state and click the first search result i also have the link in the description below for your convenience it will lead you to a landing page of business entity records in mississippi scroll down a little and you will see some search options which make checking the availability of your business name easier generally you can click the first option entity name and type in your business name for example i am typing a very common business name here best dentist which will give you a list of existing business names a unique business name will say no matches found just like this random name i typed in keep in mind that the division of revenue doesn't check names for trademark compliance it's ultimately up to you and your business attorney to ensure that your llc's name doesn't infringe on any other company's rights step two mississippi requires llc to have a registered agent an agent has a physical address a po box is not allowed and is available during business hours this agent will serve as the llc's primary point of contact for receiving key legal papers tax warnings summons subpoenas and so on you can register yourself or someone in your company but i highly recommend getting a professional registered agent as they have more knowledge by protecting your company in cases of possible cracks while i agree that family members or friends are reliable enough to be trusted as your llc's agent you are more comfortable sleeping at night knowing that your agent is professional and trained to manage legal documents to avoid problems concerning court schedules filing reports with the secretary of state etc besides hiring a professional registered agent is not expensive in fact there are companies that offer a free registered agent as part of your package when you form your llc through them inc file is a company i recommend which has this free service inc file offers a free registered agent on your first year of signing up for their service during that free year you can already take advantage of a professional and trained agent to receive legal documents on your behalf a dashboard where you can always access the correspondence that your agent has received as well as email notifications and automatic forwarding whenever your registered agent receives documents step 3 filing the mississippi llc certificate of formation after that you must file the certificate of formation with the mississippi secretary of state's business entities division and the office of the judge of probate to officially incorporate a domestic mississippi limited liability company the mississippi state filing cost for llcs is 50 for domestic llcs and 250 for foreign llcs basically a domestic llc means that you are already a resident of mississippi and you want to build a business in mississippi foreign llc on the other hand is for people living outside mississippi but wanting to start a business or a franchise of their business in mississippi with that said most businesses would be applying for a domestic llc you can file the certificate of formation online or by mailing it to the secretary of state expect the llc certification process to take approximately two weeks this is three to four days for the judge of probate and ten days for the secretary of state step four prepare an operating agreement now an operating agreement is a good idea to have in place with the other members if your llc has more than one member although a limited liability company operating agreement is not necessary for mississippi your operating agreement should clarify how your company or business will handle big picture issues such as allocating earnings and losses and dissolving the company your operating agreement should also cover the transfer of membership interest profits or losses and distributions initial investments decision making powers voting rights and management and lastly dissolving the business step 5 of file annual reports all llcs doing business in mississippi must file an annual report once every calendar year with the mississippi secretary of state the report can be filed anytime on or after january 1st of each calendar year and is due by april 15th of that year mississippi llcs must file the report online you must have a state-issued business id number to file the report you can find the id number by doing a business name search on the secretary of state business name database step 6 obtain an ein an ein or employer identification number is a federal tax id issued by the irs your ein is used by them to readily identify your firm and tax filings all mississippi firms pay a business privilege tax and the state requires you to have an ein to file you may also be required to provide your ein when opening a bank account or applying for municipal permits or licenses obtaining an ein is a slightly longer process compared to their previous steps i'm sure you know anything to do with the irs is confusing first you have to have complete knowledge of your llc such as your company information managing member information business address business information company details and even critical information regarding vehicular assets and federal excise taxes this is another reason why getting a professional registered agent is way more convenient as they can do this for you as part of their service now let's talk about the second option to form an llc and that is hiring a professional formation service professional formation services do all the steps you should be doing on your own from filing necessary forms to acting as your registered agent you usually have to


Thanks for your comment Jin Lepri, have a nice day.
- Lloyd Sedillo, Staff Member


Comment by Jean

Thanks for this interesting article


Thanks Jean your participation is very much appreciated
- Lloyd Sedillo


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