Mississippi Filing Fees

What are the Business Filing Fees in Mississippi?

Starting a business in Mississippi means paying a variety of government filing fees. We’ve compiled the most common ones here so that you’ll know what to expect.

FILE YOUR BUSINESS

If your Mississippi business is a statutory entity such as a limited liability company (LLC) or a corporation, you need to pay filing fees to form your business and keep it legally compliant. Depending on the kind of business you run, you might have multiple fees to pay to remain viable. The following article can help you prepare to fulfill your Mississippi filing fee obligations, as well as which of our tools and services you can use to make the process easier.

Need to start your business? Use our LLC creation or Corporation Service.

Step 1: Pay your Mississippi business’s initial filing fees

If you’re required to register your business with the state, you have to file business formation documents and pay Mississippi filing fees to make your business official. You send your formation documents and Mississippi formation fees to the Mississippi Secretary of State. The Secretary of State is moving to an almost completely electronic filing system for business formation, and many fillings can be processed the same day they’re submitted. But if you have the option and choose to submit paper documents to form your business, processing can take a lot longer. 

Once you have all of your paperwork together to get your business started, we imagine you want to get the ball rolling right away! Our Expedited Filing Service can help you form an LLC or Corporation as fast as possible, so you can get to the real work of building your business empire. 

Step 2: Reserve your Mississippi business’s name

In many cases, you can file and pay a fee to reserve your business name for 180 days. This gives you exclusive rights to the business name you want while you put your formation filings in order. If you need a little extra time to prepare, you can have a one-time renewal of your name reservation, but you have to file for renewal on time. 

Once you do the creative work of thinking up your business name, you can hand off the paperwork to us. With our Business Name Reservation service we research to ensure the business name you want is available and we reserve it for you. 

Step 3: Reserve a “doing business as” name in Mississippi

A “doing business as” (DBA) name is a name your business uses that’s different from its official name. Mississippi calls this a fictitious name. A business might use a fictitious name if: 

  • The official business name is a personal name, which sometimes happens with sole proprietorships and general partnerships, or 
  • If the business wants different names to identify different services it provides. 

Under many circumstances, a fictitious name for a Mississippi business doesn’t have to be distinguishable and it doesn’t have to be reserved. But the story is different for out-of-state corporations that can’t use their official out-of-state names in Mississippi. Out-of-state corporations can reserve needed fictitious names for 180 days, with a one-time renewal option. 

You can learn more about the advantages of fictitious names on our DBA Service page.

Step 4: Obtain an Employer Identification Number (EIN)

Whether they need to register with the state or not, many businesses need an Employer Identification Number (EIN). This is a number your business gets from the IRS to be able to fulfill federal tax obligations. There are many reasons why a business might need an EIN, including: 

  • Having employees
  • Running as a corporation 
  • Running as a partnership
  • Filing certain kinds of tax returns (excise, employment, alcohol, tobacco and firearms)

Obtaining an EIN is free, but it’s also another piece of business paperwork in a substantial pile you’re likely to accumulate quickly. For a fee, our Employer ID Number Service cuts through the red tape of getting an EIN and does the work for you.  

Step 5: Draft an operating agreement, corporate bylaws, or partnership agreement for your Mississippi business

For some statutory entities, you can or must form an agreement that outlines the procedure for managing and regulating your business. This document might also outline how owners make contributions and share profits. These documents have different names for different kinds of entities. Even if you don’t have to have these documents or agreements for your business type, your company will likely fare better if you have them. Without these documents, you have to run your business according to generalized Mississippi statutes, and sometimes those rules don’t fit your specific needs. By writing one of these documents, you can choose business management rules tailored to your unique business culture. 

Writing an LLC Operating Agreement that effectively outlines the management details of your company can be daunting. Our Operating Agreement Template can cut the guesswork out of this task by providing you with a strong framework upon which you can build your own business rules.  

Step 6: Apply for your Mississippi business’s necessary licenses and permits

After formation, most businesses need some kind of license or permit from local, state, or federal government agencies. A lot of these licensing and permit requirements depend on your specific industry and activities. However, some state and local governments require businesses to have a general business license to conduct any kind of business activity. Typically you must pay a fee for each business license or permit you need. Also, most licenses and permits need to be periodically renewed. 

Figuring out which licenses and permits your business needs can be a challenge. With our partners at Business Licenses, LLC., we can provide you with a Business License Report that summarizes all the licenses, permits, and registrations your business needs at every level of government. 

Step 7: Pay registration fees for out-of-state businesses

Mississippi calls out-of-state businesses “foreign” businesses. To conduct your foreign business in Mississippi, you normally have to file a registration, certificate, or qualification document. These filings come with a corresponding fee.

You also need a Certificate of Good Standing from your business’s home state before you can do business in Mississippi. This certificate normally costs money as well. 

Step 8: Check Mississippi’s annual report requirements and fees

Many registered businesses need to file an Annual Report with the Secretary of State to stay compliant with the law. With this annual report, businesses also have to pay a filing fee.

Failure to timely file an Annual Report can mean a lot of unnecessary trouble for your business. It’s best to stay vigilant about this filing requirement. Our Annual Report Service helps you file your annual reports on time, and avoid the hefty costs of missing a filing deadline. 

Step 9: Keep your Mississippi business legally compliant

Change is inevitable. If your Mississippi business undergoes significant changes, you usually have to report those changes to the state. You might have to file multiple different forms to report business changes to the state. Each form typically comes with a filing fee.  

If your business is changing, that probably means you’re busier than before and could use a helping hand. We can offer you that helping hand through our Worry-Free Compliance and Amendment Filing Services. With our Worry-Free Compliance Service, we keep track of your compliance needs and handle two business document amendments for you per year (you only pay the filing fee). We also prepare and submit business amendment paperwork for you through our Amendment Filing Service. 

Rely on us to help you avoid harmful business mistakes

You have a lot to juggle as a business owner, and it’s easy to drop the ball when you have so many in the air. We can provide that extra help you need to fulfill your obligations and avoid mistakes and fines. Services like our Worry-Free Compliance Service can help you stay on top of your compliance obligations. We can make it easier to stay on top of your responsibilities. 

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.

FAQs

  • Are there penalties for paying my fees late in Mississippi?

    Yes. Penalties for late payment of fees can include denial of a Certificate of Good Standing.

  • What happens if I can’t pay my fees to the Mississippi government?

    If you don’t pay certain Mississippi business filing fees, the state might dissolve your business or take away your right to conduct business in the state.

  • Who receives the fees for forming my Mississippi?

    You send your filing fees to the Mississippi Secretary of State.

  • What is usually the biggest fee I will pay when I form my Mississippi business?

    The biggest of your Mississippi filing fees depends on the nature and location of your business. But in many cases, your biggest fee will be the fee to file your initial business formation or registration documents.

  • What payment methods can I use to pay my LLC or Corporation filing fees to the Mississippi government?

    For payments to the Secretary of State, you can use a credit card, E-check, regular check, or ACH account.

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