Starting a Business in Mississippi

The Basics

We know that forming a limited liability company or corporation in Mississippi can be confusing without assistance, and it can also be extremely expensive to have an attorney do it for you. With our years of filing experience, let Incorporate Fast take the confusion and frustration out of the filing documents, so you can concentrate on your new business.

Our experienced customer service staff is available to answer your questions throughout the process. From the beginning to the final approval, we will be there. We will also be here to help years from now in case you need to update some information with the state, change your business name, etc. Plus, we’ll include website, email, and phone service at no additional upfront cost so you can get on the web and start fielding client calls in minutes.

Order your Mississippi LLC today, or contact one of our representatives.

Doing Business in Mississippi

Business Maintenance

All Mississippi Corporations and LLCs Must File: 

• Articles of Incorporation
  File your Articles of Incorporation or Articles of Organization with the Mississippi Secretary of State and pay the filing fee online. The cost to form a Mississippi corporation or LLC is $50.
• Beneficial Ownership Information Report
  Nearly all businesses formed by filing with the state of Mississippi must file a federal Beneficial Ownership Information (BOI) Report with the Financial Crimes Enforcement Network (FinCEN) following business formation. You can file online through FinCEN at no cost. Or, take advantage of our professional BOI report filing service for just $25.
• Annual Report
  The Mississippi Annual Renewal costs $25 for corporations or free for LLCs. You must file the report by April 15 each year. Mississippi annual reports must be filed online.

Mississippi Business Taxes

Personal Income Tax
Mississippi individual income tax rates are as follows:

3% on the first $5,000 of taxable income,
4% on the next $5,000 of taxable income, and
5% on taxable income in excess of $10,000

Corporate Income Tax
Mississippi corporate income tax rates are as follows:

3% on the first $5,000 of taxable income,
4% on the next $5,000 of taxable income, and
5% on taxable income in excess of $10,000

Franchise Tax
This tax is imposed on corporations or associations doing business in Mississippi. The Franchise tax is calculated at $2.50 per $1,000 of the value of the capital employed or the assessed property values in Mississippi, whichever is greater. The minimum franchise tax payment due is $25.

Mississippi Business License

Mississippi does not require a general state business license. Mississippi businesses do need to make sure they have any specific state and/or local license they may need.