Mississippi LLC Filing Requirements and Fees

Employer Identification Number

Every LLC in the U.S. should obtain a unique Employer Identification Number (EIN) from the Internal Revenue Service. You'll use it when you open a business bank account, file taxes and pay employees. It's available at no cost from the IRS, or have Incfile obtain one for you.

Foreign LLCs

When you want to do business in a state other than the one where your business is based, you must create a foreign LLC.

Mississippi Foreign LLC Registration

Foreign companies are those which are formed in another state or country. In order to transact business in Mississippi these entities must file an Application for Registration with the Mississippi Secretary of State.

The registration must be accompanied by a certificate of good standing or a certificate of existence from the domestic state of formation. Register your out-of-state foreign company by filing your Application for Registration of Foreign LLC with the Secretary of State. The filing fee for a Mississippi Foreign LLC is $250. The state may have additional requirements so contact the Mississippi Secretary of State for more information.

Foreign Qualification to Operate in Another State

If you plan to expand your Mississippi LLC into another state, you’ll first need Foreign Qualification or a Certificate of Authority or Compliance from that state. This is necessary if you'll have a physical presence, employees or banking in that state.

This process will likely require you to complete an application and pay a filing fee. Each state typically has its own requirements, so you’ll want to contact the state government entity that administers business (usually the Secretary of State) for specific instructions.

If you need assistance, Incfile provides complete Foreign Qualification service for all states.

Annual Report Requirements

Most states — including Mississippi — require businesses to file an annual (or other periodic) report with the Secretary of State. For the state of Mississippi, the Secretary of State requires you to file an annual report every year. When you file your annual report , you'll login to the portal and file for free. Here are the Mississippi annual report filing requirements:

Mississippi Business License and Permit Requirements

As a business owner, it’s your responsibility to make sure you have the proper state, federal or local business licenses to operate your Mississippi LLC. Some of the associated fees only need to be paid once, while others are ongoing charges.

Permits and licenses vary based on:

Operating Agreements

The state of Mississippi does not require businesses to have an LLC Operating Agreement in place.

An Operating Agreement is a document that covers the rights and duties of pertinent members, how the business will be run, how managers and members are chosen and several other key areas. It is typically filed with your Certificate of Formation at the time that you officially register your LLC.

This document can be extremely helpful in making sure you’re organized and prepared for any future events that may affect your business.

Other Potential Mississippi LLC Fees or Requirements

It is normal for your business to pay and meet several other fees and requirements during the life of your LLC. These ad hoc fees will only be payable in specific circumstances, as listed below.

Obtaining a Trade Name or DBA

If you want to establish a Mississippi DBA, you must file a form to register your fictitious name with the Mississippi SOS and pay a filing fee of $25.

Changing the Registered Agent

Your LLC must have a Mississippi Registered Agent, which you must appoint when you file your Certificate of Formation. You can also switch to a new Registered Agent later by filing a Statement of Change with the Mississippi SOS for a fee of $10.

Reserving a Name for Your LLC

If you don’t want to form your LLC right away, you can reserve a business name for 180 days with the Mississippi Secretary of State by filing an Application for Name Reservation and paying a filing fee of $25. First, perform a Mississippi business search and learn about business name rules to ensure you choose a name that meets state requirements.

Amending Facts About Your LLC

Your business formation documents state certain facts about your Mississippi business at the time it's formed. Over time, these facts may change. If they do, you'll need to file a Certificate of Amendment with the Mississippi SOS for a filing fee of $50. You can do this yourself or have Incfile file the amendments on your behalf.

Getting a Mississippi Certificate of Good Standing

Some organizations will request that you prove your LLC’s compliance with laws and tax requirements. Most states refer to this as a Certificate of Compliance, Existence or Good Standing. If you need to prove you have met your commitments, you’ll need a Certificate of Good Standing from the Mississippi Secretary of State. You can order a Certificate of Good Standing from the SOS and pay a fee of $25.

The fees listed above detail many of the charges a standard LLC will be required to pay in Mississippi. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.

Of course, your LLC will also probably need to pay self-employment, payroll, federal, state and sales taxes. More information about taxes can be found on the Mississippi Business Tax page.