Preliminary information about the State of Mississippi
With a business-friendly environment and a collaborative, can-do attitude among state, county and local leaders, Mississippi has a winning formula that companies look for when expanding existing operations or looking for new locations.
Mississippi consistently recruits top companies with highly skilled workforces; It's a workforce the state is committed to developing to fill the in-demand jobs of the future.
We have prepared a guide on forming an llc in the state of Mississippi, the costs of an LLC company to be formed in Mississippi, forming an llc at the most affordable price and the steps you need to take at this stage.
To form an LLC company in the state of Mississippi, an application must be made to the Mississippi Secretary of State. $50 is paid to the state for the installation application. After the installation is completed, your company formation document called Articles of Organization will be delivered to you. When you receive the document, it means that your Mississippi LLC company has been officially formed.
The registered agent company, from which you will receive support during the installation phase, will provide the mentioned formation documents for the installation. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual (1 per year) |
| Fee to be Paid to the State During LLC Company Formment | 50$ | ✔ | – |
| In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost. | 0$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
- Mississippi LLCs must file their reporting annually. Reporting is free in the state of Mississippi
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC in Mississippi?
You can form an LLC remotely online in the state of Mississippi, there is no need to visit the state in person. Additionally, non-US citizens are not required to have an ID or passport.
You will need a registered agent for the installation, who will prepare and file the necessary documents online for you with the state.
If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
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- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. It is not required to be created in many states, and it is not required to be created in Mississippi. Northwest will prepare an operating agreement for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval and setup time of the LLC company is between 3-4 days for the state of Mississippi.
What happens after your LLC company is approved in the state of Mississippi?
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the Free EIN Application guide . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. the order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: Mississippi LLCs must file an Annual Report with the state each year, whether there is income or not. It is necessary to fulfill the Annual Report requirements in a timely manner.
Sales Tax Rate in Mississippi
Sales Tax in Mississippi: Mississippi has a 7% state sales tax and allows local governments to collect up to 1% local option sales tax. There are a total of 143 local tax jurisdictions across the state, which collect an average local tax of 0.065%.
The top sales tax rate in Mississippi, along with the state sales tax, is 8% in the cities of Jackson, Pearl, Clinton, Ridgeland, and Byram (and two other cities).
Obtaining Business Licenses and Permits
Mississippi does not have a blanket state license for all businesses. However, it requires all retail businesses to obtain a Sales and Use Tax permit that discloses, collects and remits applicable sales taxes. Taxes are also collected on some services, with exemptions for welding, jewelery repair, meat processing and similar businesses.
You can follow this link for the types of licenses required for certain sectors
Annual Reporting
All Mississippi LLCs are required to file an annual report online with the Secretary of State. The purpose of the annual report is to make sure the state has up-to-date contact information for your business and knows if your LLC has changed ownership. Filing the annual report for domestic LLCs in Mississippi is free.
Annual Report Date:
The Mississippi Annual Report is due by April 15 each year.
You can easily pay your annual report on the state website.
For more information on general taxation issues regarding LLC companies, Taxation in America .
