Should you form your LLC in Mississippi? We've collected the relevant information that will help you make this decision.

Pros

  • Tax rate of 5%
  • Low cost of living
  • Low cost of doing business

Cons

  • Owner disclosure in periodic report

Cost of doing business

  • $50 filing fee / $0 periodic report

Privacy

  • Owner disclosure in periodic report

Forming an LLC in Mississippi

The name
In order to communicate to the public that your new business is an LLC, its official name will need to end with one of the following signifiers (or abbreviation of): “Limited liability company”, “LLC”, or “L.L.C.” In addition, it is required that the name of your business is not intentionally misleading to consumers, for any reason. Your company’s new name must also be completely unique, and not deceptively similar to any other organizations name or trademarks. There are also restrictions on the use of the word “partner” or “trust”. Do a FREE name search now.

Ownership
The owners of an LLC are called “members.” The following information must be required regarding your LLCs members:

  • Required number of members
    Mississippi LLCs must have at least one member or manager listed in their incorporation documents.
  • Age restrictions
    LLC members in Mississippi must be at least 18 years of age.
  • Residence restrictions
    There are no residence restrictions imposed on LLC members in Mississippi.
  • What information needs to be included in the Certificate of Formation?
    Outside of the principal member, LLC Members in Mississippi are not required to list their name or addresses in their Certificate of Formation.

Requirements for the Certificate of Formation

The Certificate of Formation is a document that must be filed during the LLC formation process in every state. Here is the information that must be included in this document when filing in Mississippi:

Registered agent information
All Mississippi LLCs must have a registered agent on file, and submit their name and address (which cannot be a PO box). This agent will be required to be accessible during standard business hours, and act as the state’s point of contact with the company. Learn more about registered agents.

If your business is a professional practice
Professional service companies are permitted to form as LLCs in Mississippi. However, the state does not recognize the professional limited liability company (PLLC) as a formal structure.

Mississippi LLC taxation and fee requirements

There are several tax and fee requirements that must be addressed by LLCs in Mississippi. They are as follows:

Taxation
All states have complex taxation requirements. For more information regarding taxes in Mississippi it is advised that you visit the state’s official business related website. 

Annual report requirements
LLCs in Mississippi are required to file an annual report every year before April 15th. There are no costs associated with this filing. Learn more about annual reports.

Tax identification numbers
Mississippi requires an EIN (employee identification number) for all LLCs that will have employees, and most banks will require one to open accounts. Mississippi does not require LLCs to obtain state tax ID numbers. Learn more about EINs.

Business license requirements

The business licenses and permits required in Mississippi vary wildly depending on the county or municipality in which your new LLC is located. If you would like to see more in-depth information on licenses and permits, please feel free to visit the content in our learning library that covers business licenses and permits.

Need a Mississippi corporation instead? Click here.