Some types of businesses have different requirements in Mississippi, including related fees and costs. Your MS LLC needs to pay various fees to the federal government, Mississippi government and other agencies. Some of these fees are levied by the Mississippi Secretary of State or statewide organizations, while others come from the federal government. On this page, we’ve summarized the most common fees and requirements.
Note that Mississippi business licenses and permits might need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
To create your business in Mississippi, you’ll file an LLC with the MS Secretary of State and pay an associated LLC formation fee. Every state has different LLC filing fees and filing times. Here is the current information for Mississippi:
When you incorporate through Incfile, we charge this fee to you and pay the Mississippi Secretary of State on your behalf when we file your paperwork. Some states allow you to form your LLC more quickly by paying a rush fee. You can compare state filing times and fees here, including expedited fees for Mississippi.
Every Mississippi LLC should have a unique employer identification number (EIN). These are provided by the Internal Revenue Service and you use them when filing taxes, opening a business bank account and paying employees. You can get one yourself at no cost from the IRS or have Incfile obtain one on your behalf.
If you’re expanding your Mississippi LLC beyond the borders of the state, you will need a Foreign Qualification or Certificate of Authority to operate in another state. These are typically necessary if you have a physical presence, employees or banking in a different state than Mississippi. Fees and requirements for foreign qualifications depend on each state’s rules. Incfile provides a complete Foreign Qualification service for any state.
Most states need to file an annual (or other periodic) report with their secretary of state. When you file your MS LLC annual report, you may need to pay a fee. Here are the annual filing requirements for Mississippi:
Due Date: April 15th
Filing Fee: $0
Incfile can also complete and file your Mississippi annual report on your behalf.
Your Mississippi LLC may need certain licenses and permits to comply with specific requirements. These business permits and licenses might be issued by Mississippi, regional or federal organizations. Some of the associated fees only need to be paid once, while others have ongoing charges.
Permits and licenses vary based on:
You can research these permits and licenses yourself or use Incfile’s Business License Research Package.
Our Business License Research Package tells you about all of the licenses and permits you will need for your Mississippi LLC. It includes:
Remember that operating your business without the required licenses can expose you to risks and fines from federal, Mississippi and local governments.
An Operating Agreement is a business document that covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas.
Mississippi LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. If you’re interested in having your Operating Agreement created for you, Incfile can draft a general Operating Agreement template when you choose to form your Mississippi business. You can choose to make changes to the template based on your unique requirements.
There are several other fees or requirements that you may need to meet during the life of your Mississippi LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
If you want your MS business to trade under a different name, you can file a form with the Mississippi Secretary of State. You will need to pay a Mississippi filing fee. Incfile can file this form on your behalf.
Your Mississippi LLC needs a Registered Agent. You need to appoint one when you first incorporate your LLC. You can also switch to a new MS Registered Agent later. Incfile provides a complete Mississippi Registered Agent service.
If you don’t want to form your MS business right away, you can reserve a name with the Mississippi Secretary of State. You will need to pay a small fee to do this.
Your business formation documents state certain facts about your Mississippi business when it was originally formed. Over time, these facts might change — if they do, you need to file an amendment with the Mississippi Secretary of State. You can do this yourself or have Incfile complete the filing on your behalf.
Areas you might want to file an amendment for include:
Some organizations will request that you prove your Mississippi LLC’s compliance with laws and tax requirements. If you need to prove you have met your commitments, you will need a “Certificate of Good Standing” from the Mississippi Secretary of State. Incfile can obtain a certificate on your behalf.
The fees listed above detail all the charges that a standard MS LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your Mississippi LLC will also probably need to pay self-employment, payroll, federal, state and sales taxes, but we will cover that when we talk about taxes for MS LLCs.
We charge you for this fee at cost and then pay the fee to the secretary of state on your behalf when forming your Mississippi business.
Usually, yes. Most states require you to file a report for your LLC every year. Some states require filing biennially (every other year), though a handful don’t require annual reports. You can find out more on the compliance page for your state.
It depends on various factors including:
That’s why our Business License Research Package is so useful. It explores all of these areas for you and provides a comprehensive overview of exactly what your Mississippi LLC needs to be compliant.
|State Fee||State Filing Time||Expedited Filing Time|
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This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date: April 15th
Filing Fee: $0
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