To secure and register your brand name it must be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the Sec. of State, and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your brand name should contain words like ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, you can also file an Application to Register or Renew Trade and Service Marks.
Filing Fee: $50 resident, $60 non-resident
A Mississippi Registered Agent acts on your half to officially receive and help to process important documentation like state filings, tax forms, legal notices and so on. They must be a resident of the state or a corporation, either domestic or foreign with a physical street address, authorized by the Sec. of State.
You can hire an outside professional service and expect to pay up to $160/year, or get a Registered Agent free of charge when starting a corporation through services like IncFile or BizFilings. They handle this along with much more depending on your startup package.
With a registered agent, once you’re ready to make your brand official, set up an account with the state to file Articles of Incorporation. It asks for basic information to disclose for the public record including:
Filing fee: $50
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 Director who among other things will oversee the corp until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
When you start a Mississippi corporation, it’s very important to keep all personal and business assets/accounts completely separate. So don’t take this lightly. Where should you start building the financial foundation of your brand? Who is offering the best overall business services to corporate clients, relative to location and other conveniences?
If you think it’ll be helpful, look into this short breakdown of Business Checking Accounts to start brushing up if all this is unfamiliar territory. Where your corporation banks is an important move, which is why it should be discussed in your initial shareholder meeting.
As a legally operating corporation in Mississippi, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally you should have an attorney or at least dedicate time to knocking this out yourself and doing the homework. That said, here are four resources to get started:
What’s the first thing VC-types, investors, banks, incubation programs and business organizations want to see when you approach them for a serious partnership or funding? That’s right, your business plan. They want to know you’re a serious operation. They want to see your marketing approach, executive summary, pitch, etc. They want to see your numbers!
Will you need it on day 1? Perhaps, some corporations have deals waiting for when they open operations. Most will need their plan polished and funding/presentation-ready within the first 6 months or so.
QUICK LINKS TO BUSINESS PLANNING
Like any other part of business, if it’s not challenging and evolving and causing you and your team to grow then it’s probably not worth it. So while initially building a corporate website, setting up the back-end, and then optimizing over time isn’t easy it’s no longer optional in our opinion either. Get on it!
Don’t worry if you don’t have an in-house designer on board yet, there are plenty of one-stop-shop platforms like Wix and Weebly who’ve changed the game. We have used both and highly recommend trying them out.
Note that this article on how to form a corporation in Mississippi isn’t a legal document or legal advice. It’s for informational purposes and the information above is subject to change. For specific legal questions regarding how to form a corporation in Mississippi or business in general, please consult with a lawyer or other accredited professional.