How Much Does It Cost to Start an LLC in Mississippi?
The cost to start an LLC (limited liability company) online in Mississippi is $50. This fee is paid to the Mississippi Secretary of State when filing the LLC’s Certificate of Formation.
We recommend Northwest ($29 + State Fees) to help form your LLC.
How Much Does an LLC Cost in Mississippi?
Mississippi LLC Online Filing Fee: $50
The main cost to start an LLC in Mississippi is the $50 fee to file your LLC's Certificate of Formation online with the Mississippi Secretary of State.
For a look at LLC costs in every state, read our other Cost to Start an LLC and How to Form an LLC guides.
Cost to Form a Foreign LLC in Mississippi
If you already have an LLC that is registered in another state and you’d like to expand your business into Mississippi, you’ll need to register your LLC as a foreign LLC in Mississippi.
The cost for registering a Mississippi foreign LLC is $250. You can register a foreign LLC in Mississippi by filing an Application for Registration of Foreign Limited Liability Company.
Optional LLC Formation Costs
There are optional fees associated with LLC formation:
LLC Name Reservation
Reserve your name for up to 180 days prior to LLC formation by filling an LLC name reservation online and paying the $25 filing fee.
Fictitious Name
File a Fictitious Business Name Registration and pay the $25 filing fee to create a name other than your legal LLC business name.
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Mississippi LLC Annual Fees and Compliance Filings
When starting a limited liability company (LLC) in Mississippi, it is essential to consider the ongoing costs associated with maintaining your LLC.
Here are the primary ongoing costs and filings for a Mississippi LLC:
- Annual Report: LLCs in Mississippi are required to file an annual report with the Secretary of State. However, there is no fee for filing the annual report.
- Fictitious Business Name Renewal: Your Mississippi fictitious name needs to be renewed by December 31 of the year of the name’s fifth anniversary. The filing fee is $25.
- Registered Agent Fee: Mississippi requires every LLC to appoint a registered agent as the official point of contact for receiving legal documents and official correspondence on behalf of the LLC. Depending on whether you act as your own agent or hire another individual or service, your yearly fees will be about $200 on average.
Understanding these costs will help you estimate the total expenses of running an LLC in Mississippi and make informed decisions regarding your business budget.
How to Register a Mississippi LLC Yourself
Forming an LLC in Mississippi is easy. Simply follow the steps outlined on this page.
Recommended: Using an LLC formation service like Northwest ($29 + State Fees) saves time and ensures compliance. Besides the low cost, we like their streamlined approach and excellent customer service.
Mississippi LLC Cost FAQ
In Mississippi, the primary cost to establish an LLC is the filing fee for the Certificate of Formation. You can file this document online with the Secretary of State for a cost of $50.
In Mississippi, you file the Certificate of Formation for your LLC online. Along with this, you also need to submit a fee of $50 to the Secretary of State.
Every LLC in Mississippi is required to appoint a registered agent. This individual or entity is responsible for receiving any legal documents on behalf of your LLC. In Mississippi, the registered agent doesn't need to sign any consent form officially.
In Mississippi, changing the registered agent for your LLC is fairly straightforward – file an amendment on the Secretary of State website and pay the $10 fee. Importantly, the new registered agent is not required to sign any official consent form to acknowledge their new role.
In Mississippi, if an LLC chooses to operate under a different name than its legal name, this is called a “fictitious name.” However, if you plan to just operate under your LLC's official name, there is no need for a fictitious name.
In Mississippi, there's some good news regarding annual report filings – they're free! This is the report you file every year to keep your LLC's contact and ownership details up to date with the state.
Before filing your Certificate of Formation, it's a good idea to ensure your chosen LLC name is available. You can easily do this using the Business Search on the Secretary of State's website.
Utilizing an LLC formation service in Mississippi can offer numerous benefits. These services can take care of all the paperwork and filings, ensuring that all steps are accurately followed. This can save you time and help to avoid any potential errors that might delay the formation of your LLC. Many of these services also offer additional features such as registered agent services, compliance alerts, and business advice.
A Certificate of Good Standing, issued by the Secretary of State, is an important document for a Mississippi LLC. This certificate confirms that your LLC is legally registered in the state and has met all state-imposed requirements. This can be particularly beneficial when you're applying for business loans or engaging in other significant business transactions.
Article Sources
Mississippi Department of Revenue:
https://www.dor.ms.gov
IRS - Employer ID Numbers:
https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers
Mississippi Department of Revenue:
https://www.dor.ms.gov/business
SBA - Apply for licenses and permits
https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits
Chamber of Commerce - Mississippi Chamber of Commerce List
http://www.officialusa.com/stateguides/chambers/Mississippi.html