Filing a Mississippi LLC
If you’re looking to form a business, you’ll likely find the Mississippi LLC structure to be most beneficial. For one, the process of developing an LLC is straightforward, so long as entrepreneurs are diligent and thorough with paperwork. Additionally, the LLC structure could protect individuals from liabilities related to the business.
Steps To Filing a Mississippi LLC
Choose A Name
The first thing that prospective business owners must do when starting a Mississippi LLC is choose a name. The company name should include something indicating that owners have elected the LLC structure. Examples include “Limited Liability Company” or “L.L.C.” Additionally, new owners will want to make sure that the name they choose is not already in use by another entity. They can do so by using our Name Availability Check Page.
Choose A Registered Agent
After choosing a name, prospective owners will then have to select a registered agent, who is responsible for accepting legal correspondence on behalf of the company. Selecting a reliable registered agent could improve the likelihood of a Mississippi LLC’s success. For this reason, many Mississippi LLC owners elect to hire a professional third-party company like DoMyLLC as their registered agent.
File Certificate Of Formation & Pay Filing Fees
Potential business owners can begin forming their company by filing a Certificate of Formation with the Secretary of State’s Office. It costs $50 to submit this form. They’ll provide critical information, including:
- Name of the company
- Effective date, if desired
- NAICS Code
- Registered agent name and address
- Signature of the person completing the document
File Initial Report
Mississippi LLC owners are fortunate in that they do not have to file an Initial Report. However, they should be mindful of Annual Reporting deadlines.
Create An Operating Agreement And Hold Meetings
LLC owners will also want to draft an operating agreement, which explains the organizational structure of the company. Once in place, the company can begin holding meetings.
Obtain Employer Identification Number
Business owners will also want to secure an Employer Identification Number. They’ll need to do so to open a business banking account and file taxes.
File State Required Annual Reports
Mississippi LLCs must also file an Annual Report each year. This report is due to the Secretary of State’s office by April 15. There is no cost to submit this form, nor are there any late fees. However, if LLC owners do not present the form by August 15, the state will dissolve the business. Mississippi LLC owners can learn more about the Annual Report requirements here.
Not only must Mississippi LLC owners file an Annual Report each year, but they must also meet other regulatory requirements, such as filing taxes at the federal, state, and local levels and renewing any licenses or permits needed to conduct business.
How DoMyLLC Can Assist With Streamlining The Process
No matter if you are looking for help in forming your business or need assistance meeting annual requirements, DoMyLLC offers services to help, including:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
We tailor our services to meet the needs of each business. Be sure to contact us today to learn more about how we can help your Mississippi LLC thrive.