LLC Cost in Mississippi

Mississippi LLCs are relatively inexpensive — especially when you consider that an LLC can protect your personal assets and help grow your business. That’s why forming an LLC is the best choice for most small businesses. 

The cost to form an LLC in Mississippi is $50. This covers the primary cost of officially registering your LLC with the state.

Read our LLC Cost in Mississippi guide below to learn more about LLC costs and other fees associated with all Mississippi businesses.

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You can form an LLC yourself and save a little money or use a professional service and save a lot of time. 

Four point six out of five stars. Northwest ($29 plus state fees)

How Much Is an LLC in Mississippi?

Mississippi LLC Filing Fee: $50

To form an LLC in Mississippi, you'll need to file a Certificate of Formation with the Secretary of State. The Mississippi Secretary of State charges a $50 fee to process and record this document online.

You can complete this process yourself with our How to Start an LLC guide or use an LLC formation service.

Registered Agent Fee

Every Mississippi LLC must appoint a registered agent. Your Mississippi registered agent must be a resident of Mississippi and must be available to receive service of process during normal business hours at a designated street address.

You can be your own registered agent in Mississippi, or you can use a registered agent service for a minimal cost.

Recommended: Get free registered agent services for one year when you form an LLC with Northwest ($29 plus state fees).

Mississippi Annual Report Fee: $0

Mississippi requires LLCs to file an annual report with the Secretary of State each year. You can file online at no cost.

Cost to Form a Foreign LLC in Mississippi: $250

LLCs registered in another state that want to expand into the state of Mississippi must register 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 a Foreign Limited Liability online.

Business Licenses and Permits

Your business might need federal, state, and local permits/licenses to legally operate in Mississippi, depending on your industry and geographical location. This is true whether you form an LLC or any other type of business structure.

Learn more about state and local licensing in our Mississippi business license guide.

Other Mississippi Business Filing Fees

There are fees associated with other, optional business filings in Mississippi.

‘Doing Business As’ (DBA) Name

When an LLC is registered with the state, the LLC’s name is also officially registered. Some business owners choose to also file for a DBA name, known as a fictitious name in Mississippi.

You can file the Fictitious Business Name Registration with the Mississippi Secretary of State and pay the $25 filing fee to create a name other than your legal LLC business name.

Learn more in our Mississippi DBA guide.

Certified Document Copies 

You can get certified copies of your Mississippi business documents by ordering through the Secretary of State.

Certificate of Good Standing

You can obtain a Mississippi Certificate of Good Standing by ordering through the Secretary of State and paying the $25 fee. 

A Certificate of Good Standing is often required by banks and lenders.

Recommended: Learn more about LLC formation services in our Best LLC Services review.

How to Start an LLC in Mississippi

Forming an LLC yourself is easy; just follow the five steps below.

Five Basic Steps to Start an LLC in Mississippi

Step 1: Name Your Mississippi LLC

Step 2: Choose a Registered Agent

Step 3: File a Certificate of Formation

Step 4: Create an Operating Agreement

Step 5: Get an EIN 

Step 1: Name Your Mississippi LLC

When you name your Mississippi LLC, you’ll need to choose a name that:

  1. Is available for use in the state of Mississippi
  2. Meets Mississippi naming requirements
  3. Is available as a web domain

Check web domain (URL) availability with GoDaddy:

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Not sure what to name your business? Check out our free LLC name generator.

Step 2: Choose a Registered Agent

Mississippi LLCs are required to appoint a registered agent to receive service of process. Business owners can hire a registered agent service or appoint any Mississippi resident that is 18 years or older and is available during normal business hours at a specified address to receive service of process.

Recommended: Northwest offers one full year of registered agent services with their $29 (plus state fees) LLC formation package.

Step 3: File a Mississippi Certificate of Formation

To form an LLC in Mississippi, you must file a Certificate of Formation with the Secretary of State. This can be done online with the Mississippi Secretary of State.

For a closer look at the filing process, check out our Mississippi Certificate of Formation guide.

Step 4: Create an LLC Operating Agreement

Operating agreements are not required for Mississippi LLCs, but it’s a good practice to have one.

An operating agreement outlines the ownership and operating procedures of an LLC, ensuring that all members are on the same page and reducing the risk of conflict down the line.

Learn more in our Mississippi LLC Operating Agreement guide.

Step 5: Get an EIN

An Employer Identification Number (EIN) is a nine-digit number issued by the IRS to identify businesses for tax purposes. Think of an EIN as a Social Security number for your LLC.

To learn how to get an EIN for free, visit our How to Get an EIN Number guide.

LLC Cost in Mississippi FAQ

What is the cheapest way to start an LLC in Mississippi?

The cheapest way to start an LLC in Mississippi is to handle the registration process individually. In order to do this, you will need to follow these steps:

  1. Name your LLC
  2. Choose a registered agent: This can be a registered agent service or an individual.
  3. File the Mississippi Certificate of Formation: The filing fee for this is $50 and can be done online.
  4. Create an LLC operating agreement: This is usually not a legal requirement, but it is highly recommended.
  5. Get an EIN: This is basically your business’s Social Security number (SSN).

How much does an LLC cost per year in Mississippi?

There are no annual report fees in Mississippi.

For a more in-depth analysis, see our How Much Does an LLC Cost? article. 

How much does an LLC license cost in Mississippi?

An LLC is not a business license, but a business entity. Forming an LLC in Mississippi costs $50. There are no annual report fees. 

You may be required to pay additional fees if you choose to pay for a  registered agent service, an LLC formation service, or an LLC attorney.

See our How to Start an LLC in Mississippi for more information on registering your business as an LLC.

Do LLCs pay taxes in Mississippi?

Yes, LLCs are a “pass-through” tax entity. This means that the LLCs profits are “passed through” directly to its owner(s), who then pay income taxes independently. 

This is advantageous compared to a corporation’s tax structure because it means that LLC members are not taxed twice. 

Having said that, readers should keep in mind that LLCs are very flexible when it comes to how they can be taxed, and — depending on the specifics — they can choose to be taxed as a pass-through entity, a C corp, and an S corp. 

For more information, see our How Is an LLC Taxed guide. 

What are the tax benefits of an LLC?

The tax benefits of an LLC will depend on how you choose to be taxed, as well as on whether you are operating as a single or multi-member LLC. 

Generally speaking, LLCs can choose to be taxed in several different ways, including:

  • As a sole proprietorship or general partnership
  • As a C corporation
  • As an S corporation

See our Single-Member LLC Taxes guide for a detailed overview of the tax benefits of having an LLC as a small business. 

Do I need to open a business bank account for my LLC?

Even though you do not necessarily “need” to open a bank account for your LLC, this is generally highly recommended for several reasons. 

For one, having a separate bank account can allow you to maintain your LLC’s corporate veil — meaning that you will not risk losing your limited personal liability under the law. A business bank account also offers financial benefits, including the ability to build business credit more quickly and access to larger business loans. 

Interested in opening a business bank account? See our review of the best banks for startups in 2024.