Fact Checked by Editorial Staff
Perhaps you are hoping to form an LLC in Mississippi. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Mississippi.
On this page, you’ll learn about the following:
Mississippi LLC Cost of Filing
Here are the costs involved in forming an LLC in Mississippi.
Cost of Filing Formation Certificates
The Mississippi Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Mississippi Secretary of State.
Mississippi Domestic LLC
- Online Filing costs $50
- Annual Report filing costs $0
- Name Reservation Fee costs $25
- By mail filing: Not Available
Mississippi Foreign LLC
- Online Filing costs $250
- Annual Report filing costs $250
- Name Reservation Fee costs $25
- By mail filing: Not available
Visit the Business Documents Filing Fees by Mississippi Business Corporations to learn more about the forms and fees requirements of business LLCs in Mississippi.
Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so. Besides, Mississippi only allows online filing to date.
Mississippi LLC Formation Service or Registered Agent Fee
You need a registered agent to form an LLC in Mississippi, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.
LLC Service | Our Rating & Pricing | Top Features | Learn More |
#1 TOP PICK  | $0 + State Fees |
| |
 | $0 + State Fees |
|
Business Permits and Licenses
The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Mississippi Department of Revenue for regulatory boards or agencies requiring licensing.
Mississippi LLC taxes to be Paid
Though the annual report filing in the State of Mississippi is free of cost, the LLCs in the State are subject to different State Tax filing obligations. Though the taxes vary from county to county.
Mississippi State Income Tax
This is the State Tax levied on any income you pay to yourself. The tax rate varies between 3.0% to 5.0%, depending on the total amount of taxable income.
Mississippi Sales Tax
The standard rate of sales tax applicable is at the rate of 7.00% and the maximum local or county rate that applies additionally is 1.00%.
Mississippi Federal Self-Employment Tax
Any profit that Mississippi LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.
Mississippi Employer Payroll Tax Withholding
If you hire employees in Mississippi, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.
Cost Comparison among States
Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Mississippi, read the table below:
| State | Filing Fee | Annual Fee/Biennial Fee | Sales Tax |
| Mississippi LLC | $50 | $0 | 7.00% |
| Tennessee LLC | $300 | $300 (Annual) | 7.00% |
| Alabama LLC | $200 | $100 (Annual) | 4.00% |
| Louisiana LLC | $100 | $35 (Annual) | 4.45% |
| Arkansas LLC | $45 | $150 (Annual) | 6.50% |
Mississippi’s economy has witnessed a forward-looking forecast with a significant rise in its GDP. Manufacturing, trade, real estate, health, and education have been the major contributing sectors to the State’s rising economy.
Other Costs
- Mississippi Name Reservation: $25 for online fillings
- Doing Business As (DBA): $50 for online filling
- Certified Document Copies: $45
- Certified of Good Standing: $14
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Mississippi LLC: $50
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.
The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.
How Much Does It Cost to Maintain an LLC in Mississippi
To maintain an LLC in Mississippi you do not need to pay an annual fee. However, state income tax at 3% to 5%, sales tax at 7% and federal taxes are levied.
When it comes to maintaining an LLC in Mississippi, there are various costs to keep in mind. Some of the most common expenses include securing a registered agent, filing annual reports, obtaining necessary licenses and permits, and paying any required state fees.
The cost of securing a registered agent is an essential expense for LLC owners in Mississippi. A registered agent is a designated individual or corporation responsible for receiving legal documents and official correspondence on behalf of the LLC. This service ensures that the LLC stays compliant with state regulations and remains in good standing. The cost of hiring a registered agent can vary depending on the provider chosen and the level of service needed.
Filing annual reports is another cost associated with maintaining an LLC in Mississippi. LLCs are required to file an annual report with the Mississippi Secretary of State’s office to keep their information current and up to date. The filing fee for an annual report in Mississippi is a necessary expense that LLC owners must budget for each year.
Obtaining necessary licenses and permits is also an essential cost for maintaining an LLC in Mississippi. Depending on the nature of the business, certain licenses and permits may be required to operate legally within the state. These expenses can vary greatly depending on the industry and location of the LLC.
In addition to securing a registered agent, filing annual reports, and obtaining necessary licenses and permits, LLC owners in Mississippi must also be prepared to pay any required state fees. State fees can include initial filing fees, renewal fees, and other miscellaneous charges that may arise throughout the year. It is crucial for LLC owners to budget for these fees to avoid any penalties or late charges.
Overall, maintaining an LLC in Mississippi can incur various costs that should not be overlooked. It is essential for business owners to be aware of the expenses associated with running an LLC and to budget accordingly. By staying informed and planning ahead, LLC owners can ensure that their business remains compliant and in good standing with the state of Mississippi.
In conclusion, the cost of maintaining an LLC in Mississippi can vary depending on various factors such as securing a registered agent, filing annual reports, obtaining necessary licenses and permits, and paying state fees. Business owners must be prepared to budget for these expenses to ensure the successful operation and compliance of their LLC.
In Conclusion
The cost of Mississippi is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.