How to Determine Mississippi LLC Costs
- How much is an LLC in Mississippi?
- Mississippi LLC Cost: How do I get started?
- What fees go into the total LLC cost in Mississippi?
- What other Mississippi LLC fees should I look out for?
- Are there penalties for paying my fees late in Mississippi?
- What happens if I can't pay my filing fee to the Mississippi government?
- Who receives the filing fees for forming my Mississippi business?
- What is the largest fee I will pay when I form my Mississippi LLC?
- What payment methods can I use to pay my LLC or corporation filing fees to the Mississippi government?
- How do I form my LLC in Mississippi?
How much is an LLC in Mississippi?💲
The basic Mississippi LLC filing fee is $50.
Mississippi LLC Cost: How do I get started?🚀
The basic Mississippi LLC cost when you open a new business consists of the initial filing fee. This is paid when filing your Certificate of Formation. To file this key document, you’ll need to register for a Business Services account with the Secretary of State. Remember your login information, since you’ll use this account to file your documents and pay all your fees in the future. Filing your Certificate of Formation is the largest government filing fee in the formation process.
Naming your Mississippi LLC is one of the first challenges you’ll encounter as an entrepreneur. You’ll need to reserve a unique name for your business. Make sure to search the Mississippi Business Database to confirm the name you’ve selected is original. Then, our Mississippi LLC Formation Service can help you get your Mississippi business entity formed fast for just $49. Helping you get it done quickly and done right the first time is our specialty.
What fees go into the final LLC cost in Mississippi?💰
The following fees are an estimate of what it costs to start an LLC 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.
Registered Agent Fee
You’ll need to choose a Registered Agent for your Mississippi LLC. This is a person with a Mississippi address who is authorized to accept legal papers and communicate with the government on your behalf. Your Registered Agent can be an individual or a corporate entity. You’ll name this person when you file your Certificate of Formation. If you want to change your Registered Agent, it costs $10 to file an LLC Change of Registered Agent form.
Finding a Resident Agent that meets all your business needs as well as Mississippi’s legal requirements can be a challenge. We can help you find the right Registered Agent at the right price for your LLC with our Mississippi Registered Agent Service.
Annual Filing Fee
Mississippi requires LLCs to submit annual reports describing LLC business and activities. Filing the report is free, but you’ll need to budget time and resources to prepare it. You can save time and money by using our Annual Report Service. We can help you stay on top of your LLC’s annual reporting obligations.
What other Mississippi LLC fees should I look out for?🔍
Your formation fees are only the start when creating your Mississippi LLC. There are other Mississippi LLC costs that you should know about.
Certificate of Good Standing
A Certificate of Good Standing confirms that your LLC is compliant with Mississippi LLC law. It is also needed to open business bank accounts, get insurance and attract investors. Certificates of Good Standing cost $25, and can be ordered and paid for through your Business Services account.
DBA Name in Mississippi
Sometimes, running a business is complex. This is especially true in industries like real estate and retail. If your business has different projects and locations, a “doing business as” or DBA name may be right for you. In Mississippi, this is known as a fictitious name. A DBA is a name that your business uses to distinguish a project or location from your business’s registered name.
To get a DBA in Mississippi, you’ll need to file a Certificate of Assumed Name. First, you’ll want to search the Mississippi Business Database to confirm if your DBA name is available. If so, you can use your Business Service account to file a Fictitious Name Registration. The fee is $25.
We can help speed up the process with our Mississippi DBA Service. Our easy service helps you check the availability of your requested DBA name and get your paperwork filed quickly.
If you formed your LLC in another state and now want to do business in Mississippi, there are certain Mississippi LLC costs associated with registering your foreign company. To be clear, “foreign” just means that your business entity was formed in a state outside of Mississippi.
To operate your foreign LLC in Mississippi, you need to file an Application for Registration of a Foreign Limited Liability Company. Even as a foreign LLC, you’ll still need to register for a Business Services account to enter your paperwork and pay fees. The foreign LLC cost in Mississippi is $250 and can be paid with any major credit card.
Your Mississippi LLC cost can rise with the cost of the business permits and licenses you need. Depending on the type of business you have and your location, you might have to pay fees for:
- Business licenses
- Federal, state, and local permits
- Professional registrations
With the help of our partners at Avalara, we can help you get a Business License Report. Your customized report can show you the number of licenses and permits you need to help manage the cost to start a business in Mississippi.
For just $49, we can form your Mississippi LLC for you in just minutes. No LegalZoom promo code required: Pay just $49 plus filing fees for fast LLC formation in Mississippi.
Are there penalties for paying my fees late in Mississippi?📆
Yes. Failure to pay your fees on time can mean penalties, late fees, and even legal sanctions. Late fees can even jeopardize the legal status of your Mississippi LLC. To get the full legal protections of your LLC, make sure to pay your filing fees on time.
What happens if I can’t pay my filing fee to the Mississippi government?🚩
If you are not able to pay your filing fee, then the government can refuse to accept your filing, and your LLC will not be a valid legal entity. You may then want to consider a business entity like a sole proprietorship or general partnership. These business formats can be cheaper to start but carry much greater personal liability. So while it is true that the average cost to start a business in Mississippi is pricier if you are using an LLC, the LLC format offers greater protection of your personal assets and can save money in the long run.
Who receives the filing fees for forming my Mississippi business?💸
You pay your Certificate of Formation fees to the Mississippi Secretary of State.
What is the largest fee I will pay when I form my Mississippi LLC?📈
When it comes to the cost to start a business in Mississippi, the largest fees you’ll pay will be for filing your Certificate of Formation. If you are registering your foreign LLC to do business in Mississippi, foreign LLC registration is largest fee you will encounter.
What payment methods can I use to pay my LLC filing fees to the Mississippi government?💳
Your Mississippi LLC cost can be paid using any major credit card through the Business Services Portal. Contact the Secretary of State to discuss mail-in payment options.
How do I form my LLC in Mississippi?📋
Name your LLC📛
Mississippi allows you a lot of freedom in naming your LLC. However, your new company’s name must:
- Contain the words or abbreviations “limited liability company,” “L.C.,” or “LLC” (periods or other punctuation are acceptable)
- Be different from other names on file with the Mississippi Secretary of State
After you’ve selected a name and made sure it’s unique, file your Application for Name Reservation to lock it in. Our Business Name Checker and Business Name Reservation Service can help you to do the fun part of name selection without all the difficult paperwork.
Confirm a Registered Office and Agent ✋
Your registered office is the physical address office of your company. It is your confirmed legal presence in the State of Mississippi. You’ll want to make sure you name both your registered office and Registered Agent in your Certificate of Formation.
File your LLC’s Certificate of Formation ✉
You can file your Certificate of Formation with the Mississippi Secretary of State. Business documents in Mississippi may be filed only online (registration required). Contact the Secretary of State’s Business Services office at (601) 359-1633 if you need to request an accommodation or exception.
Create an Operating Agreement📃
An Operating Agreement is a helpful document in setting up your Mississippi LLC. You don’t have to file your Operating Agreement with the state. However, most companies find it very useful to have one as part of their governance documents. An Operating Agreement can:
- Provide rules and guidance for dispute resolution
- Customize how profits and losses will be shared
- Shape members’ expectations for running the business
Without an Operating Agreement in place, your LLC needs to govern itself by Mississippi’s state laws and rules governing LLCs. These rules aren’t always customized to your individual business needs like an operating agreement is.
Our Operating Agreement Template makes writing your Operating Agreement easy. We’ve helped hundreds of LLCs get up and running with custom Operating Agreements that they’ve crafted from our template.
Get an EIN 🔢
Employer Identification Numbers (EINs) are like social security numbers for your business. They’re necessary for certain businesses to pay their federal taxes. Even if your business isn’t required to have an EIN, they can be great for protecting your personal privacy. If you don’t have an EIN, you’ll be required to use your personal social security number on certain business documents, and that may become public.
To get an EIN you have to file paperwork with the IRS. We can handle this for you with our Employer ID Number Service.
Stay Legally Compliant👍
Let us help you keep your business organized and compliant as you grow and change. Over time, you’ll need to amend your Certificate of Formation or file other updated paperwork with the government. This can add additional Mississippi LLC costs and hassle. To help prevent confusion and headaches, you can use our Worry-Free Compliance Service to file up to two amendments per year and keep track of your business’s other compliance requirements.
We can help!💪
We understand what a big deal it is to become a business owner. We can help you get your LLC formed and filed quickly. We can also help you stay compliant with our large catalog of business formation services. Our goal is to help you grow your business and save money on operations at the same time.
Disclaimer: The content on this page is for information purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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