Cost to Form an LLC in Mississippi

An entrepreneur counting money with the state fee in the foreground

The cost to start a Mississippi limited liability company (LLC) is $50. This fee is paid to the Mississippi Secretary of State when filing the LLC’s Certificate of Formation.

There are two options for forming your LLC:

HAVE A PROFESSIONAL SERVICE FORM AN LLC FOR YOU

TWO SUCH RELIABLE SERVICES:

four point six out of five ZenBusiness ($39 + State Fees)

Three out of Five Stars LegalZoom ($149 + State Fees)


Required Costs to Start a Mississippi LLC

There is a filing fee for all LLCs in Mississippi and your business might need licenses and permits.

Mississippi LLC Filing Fee: $50

In order to form an LLC in Mississippi, you'll be required to file the certificate of formation with the Secretary of State. The state of Mississippi charges a $50 fee to process and record this document.

Business Permits & Licenses: Varies

Depending on your specific industry and geographical location, your business might need federal, state, and local permits/licenses in order to legally operate in Mississippi.

Use the resources below to find out what permits & licenses are required of your business, or have a professional service do the legwork for you:

  • State: To learn about state permits & licenses and get started on the application process, head to the Mississippi Secretary of State’s business services website.
  • Local: Contact your local Chamber of Commerce to find out about the licensing requirements of your specific county/municipality.

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Optional Costs to Start a Mississippi LLC

The following expenses are recommended but not required for Mississippi LLCs. Each of the services below will make the process of setting up your business easier, but they aren't required.

LLC Formation Service: $39 - $79

While it’s possible to form an LLC in Mississippi without the help of a professional, many business owners choose to hire a service.

Online services like ZenBusiness ($39 + State Fee) and LegalZoom ($79 + State Fee) will take care of the filing process on your behalf for a fraction of the cost of a business attorney.

Additional services offered:

In addition to filing your certificate of formation, LLC formation providers offer other services that can help you start your new business faster and more efficiently. Two of the most popular add-on services for LLC owners are operating agreements and EIN registration.

Operating Agreement: $40-$99

An operating agreement is a governing document that outlines the ownership and management structure of an LLC. Whether you’re starting a single-member or multi-member LLC in Mississippi, it’s important to have an operating agreement in place.

Purchasing a custom operating agreement from an online formation service is an easy way to ensure you’ll have a thorough and legally-binding document governing your new LLC.

EIN Registration: $60-$70

Upon forming an LLC, you’ll need to obtain an EIN (or Employer Identification Number)—essentially a social security number for your business. If you’d prefer not to apply for your EIN directly through the IRS, you can delegate this task to your formation provider for an extra fee.

Registered Agent Service: $0-$125 per year

You'll need to designate a registered agent for your Mississippi LLC when you complete the certificate of formation.

A registered agent is the individual or business entity responsible for receiving and processing legal documents on behalf of your business.

While Mississippi doesn't prohibit business owners from acting as their own registered agents, many people choose to appoint a professional for the sake of privacy, convenience, and discretion.

Keep in mind that if you assume this role, you’ll be responsible for maintaining normal business hours at the address provided on your formation documents, and receiving service of process notices in the event that your LLC is sued.

If you decide that electing a professional is right for your LLC, we recommend ZenBusiness. Their registered agent services are free for the first year and $119 every following year.

Business License Research Service: $99

If your LLC requires several federal, state, and local permits or licenses in order to legally operate, you might want to consider hiring a professional business license research service.

While not necessary for every business owner, these services can be helpful to busy entrepreneurs looking to save time on the research and paperwork.

If you’re looking to maximize your time in the early phases of your business, we recommend checking out Incfile's $99 business license research package.

Ongoing LLC Maintenance Costs

Some businesses will be required to pay ongoing maintenance costs and taxes.

Below we’ll discuss the ongoing costs involved in maintaining a Mississippi LLC.

Mississippi Franchise Tax: $25 (Minimum)

If your LLC is treated as a corporation for federal income tax purposes, it will file as a corporation for Mississippi income and franchise tax purposes. The minimum franchise tax due is $25. It is calculated as $2.50 per $1,000 of the value of the capital employed or the assessed property values in the state of Mississippi, whichever is greater.

Mississippi Annual Report Fee: Free

Mississippi requires LLCs to file an annual report with the Mississippi Secretary of State. Mississippi does not charge late fees if you miss the filing deadline but will dissolve your LLC after 4 months.

A cube with LLC printed on its sides

Ready to Form Your Mississippi LLC?

If you’re ready to officially form an LLC in Mississippi, check out our step-by-step guide. We’ll walk you through the entire process.

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