How to Amend Mississippi Articles of Incorporation


Steve Goldstein
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Amend Mississippi Articles of Incorporation

Starting a corporation in Mississippi is an exciting journey. But as your company grows, you may find it necessary to make changes to its structure and governance. Making any changes to your established corporation in Mississippi requires filing the Amendment of Articles of Incorporation. An amendment is a process through which you report the structural or any change in your corporation to the Mississippi Secretary of State. To do so, you require to follow a few simple steps. You need to get the amendment form, enter the details of changes, and submit it to the appropriate address with the filing fee will make things done.

In this article, we have shared the process in detail. You will learn how to amend Mississippi Articles of Incorporation in easy steps. It will be helpful for you if you read the article till the end.

What is Mississippi Articles of Incorporation?

The Mississippi Articles of Incorporation is a legal document that you need to file with the Secretary of State while registering your corporation in Mississippi. It is similar to the Certificate of Formation you file while creating an LLC in Mississippi. If you already own a corporation in Mississippi, you must know what the Articles of Incorporation is. However, those who are not aware of this document can get all the required details from this page. The Articles of Incorporation is a set of papers that have all the information regarding your corporation and are filed with the Secretary of State. You must pay the filing fees to register your Articles of Incorporation.

This document has information related to your corporation. Details like the name of the corp, principal address, Mississippi Registered Agent details, corporation structure, directors, shareholders, and signature of the incorporators should be mentioned in the document. An online or offline form mentioning these details should be filed with the SOS at the time of forming your corporation. You must pay the filing fee to the state online or by check.

Like forming an LLC, for the corporation, it takes some time to form your business in Mississippi after filing the documents. You can expedite the filing process by paying additional money over the filing fees.

It is good to make changes in your Articles of Incorporation. When you change anything, specifcally the name, it brings good and bad effects to the company. Make sure the name change does not affect your revenue or status adversely.

LLCBuddy Editorial Team

Why Amend Articles of Incorporation in Mississippi?

There can be several reasons why you make changes to your corporation. A business runs based on diverse components. From economic conditions to internal structures (shareholders and directors), the corporation can change many times in its life based on external or internal reasons.

Change of Mississippi Corporation Name: The name of the corporation does not often change because it is the primary identity of any business. Sometimes, a spelling or the entire name requires to be changed for many reasons. In that case, the corporation has to file the amendment with the SOS mentioning the old and new names. They have to submit the business name change form with the amendment form.

Change of Statement of Purpose: This is a document where you explain the purpose of your corporation. The purpose says that you are involved in legal and lawful activities through your business. If you are having a nonprofit, you must have a community purpose. If you change that purpose, you must file the amendment. If you change the nature of the business or the purpose of the corporation overall, then you must file an amendment.

Change in Numbers of Stocks and Shares: Finally, if you change the number of shares or stock issues in your company, then you must amend it. It can be reduced or increased if you decide to remove or add a shareholder/partner to the corporation. In that case, it must be amended with the SOS.

How to Amend the Mississippi Articles of Incorporation

There are three main steps to file your amendment to the Mississippi Articles of Incorporation. Before you proceed with the steps of filing the form, you must know what changes you can make in your corporation and what changes you cannot. Let’s start with the first step and some related information,

Step 1: Determine What Changes You Need in Mississippi Corporation

Updating your Articles of Incorporation periodically can be beneficial by making necessary changes. However, frequent alterations in structure or name may not be advisable. The first step involves determining which changes are needed and assessing their potential impact. Modifying aspects of your existing business can affect your revenue or client relationships, so it’s crucial to carefully consider whether the changes are truly necessary and what consequences they may bring.

An up-to-date Articles of Incorporation reflects the current status of a corporation in Mississippi. The key elements of your updated Articles of Incorporation may include the advantages of being a Registered Agent, the company’s contact information, and the process for receiving legal notices, among other details.

Step 2: Review the Changes You Made in the Articles of Incorporation

The subsequent step involves reviewing the changes. The Mississippi Secretary of State may request additional supporting documents based on the modifications made to your corporation. After finalizing the changes, you can proceed to draft the Mississippi corporate amendment. Consult with the SOS to determine if any other documents need to be submitted. For instance, if you are changing the business name, you might be required to submit a name change/reservation form along with the Mississippi Corporate Amendment form.

What Can Be Changed in Articles of Incorporation

It is not easy to change things in your business. Besides, there are some restrictions in changing things in your corporation in Mississippi. There are things you can change, but there are things that you cannot change. I have mentioned a few points in this article that you can change above, such as the name, statement of purpose, and the number of shares issued. Now, there are things that you cannot change in the Articles of Incorporation.

What Can not Be Changed in Mississippi Corporate Amendment?

If you started a corporation in Mississippi, you must initially have appointed a Registered Agent. You cannot change the initial registered agent in the Articles of Incorporation Corporate Amendment. You can change it using other methods and forms available in the Mississippi SOS.

Another point is the initial mailing address of your corporation cannot be changed in the Mississippi Corporate Amendment. In this case, you can change it through other methods requiring different forms.

The third point is the initial directors who formed the corporation in Mississippi. The details of the initial directors cannot be changed in the Mississippi Corporate Amendment. There is no other way to change the directors’ details.

Step 3: File the Mississippi Corporate Amendment

Finally, file the Mississippi Corporate Amendment with the Secretary of State by the methods (online or offline) available. You must go through the filing process mentioned on the SOS official website before you start the filing process. You must pay the state fees for filing the Mississippi Corporate Amendment.

Penalties for Not Filing the Amendment in Mississippi

Now, one question arises when we talk about filing the amendment what happens if you don’t amend the Mississippi Articles of Incorporation? The answer is simple. You might have to pay heavy penalties if you do not file it. Besides, you may lose existing clients as they may not be interested in continuing to work with your company.

They might cancel the existing contract; you might lose the bank loan or advance opportunities, or you may lose the business bank accounts for not complying with the amendment filing requirements. Hence, it is highly recommended to amend the Mississippi Articles of Incorporation.

FAQs

What is the process of amending Mississippi Articles of Incorporation?
The process of amending Mississippi Articles of Incorporation consists of submitting a written amendment to the Mississippi Secretary of State and paying the appropriate filing fee.
How can one amend the Mississippi Articles of Incorporation?
Amendments to the Mississippi Articles of Incorporation may be made by submitting a written amendment to the Mississippi Secretary of State and paying the appropriate filing fee.
What must be included in the amendment to the Mississippi Articles of Incorporation?
Any amendment must include the current name of the corporation, the amendment itself, and the signature of an authorized officer of the corporation.
What is the filing fee for amending the Mississippi Articles of Incorporation?
The filing fee for amending the Mississippi Articles of Incorporation is $50.
How long does it take for an amendment to the Mississippi Articles of Incorporation to be processed?
The amendment to the Mississippi Articles of Incorporation typically takes about two to three weeks to process.
Is a vote required to amend the Mississippi Articles of Incorporation?
A vote of the shareholders is generally required to amend the Mississippi Articles of Incorporation.
What is the process for a vote to amend the Mississippi Articles of Incorporation?
The process for a vote to amend the Mississippi Articles of Incorporation includes calling a meeting of the shareholders, discussing the proposed amendment, and recording the vote of the shareholders.
Is a majority vote required to amend the Mississippi Articles of Incorporation?
A majority vote of the shareholders is typically required to amend the Mississippi Articles of Incorporation.
Are there any restrictions on amending the Mississippi Articles of Incorporation?
Yes, there are certain restrictions on amending the Mississippi Articles of Incorporation. These restrictions include the number of shares that can be issued and the type of business activities the corporation can engage in.
Is there a limit to the number of times the Mississippi Articles of Incorporation can be amended?
No, there is no limit to the number of times the Mississippi Articles of Incorporation can be amended.
Is there a time limit for filing an amendment to the Mississippi Articles of Incorporation?
No, there is no time limit for filing an amendment to the Mississippi Articles of Incorporation.
Is a lawyer required to amend the Mississippi Articles of Incorporation?
While a lawyer is not required to amend the Mississippi Articles of Incorporation, it is recommended that a lawyer be consulted in order to ensure that all requirements are met.
Do all shareholders need to sign an amendment to the Mississippi Articles of Incorporation?
No, only an authorized officer of the corporation needs to sign an amendment to the Mississippi Articles of Incorporation.
How can one obtain a copy of the Mississippi Articles of Incorporation?
A copy of the Mississippi Articles of Incorporation can be obtained from the Mississippi Secretary of State.
Is the amendment to the Mississippi Articles of Incorporation a public record?
Yes, the amendment to the Mississippi Articles of Incorporation is a public record and will be available to the public.
Is there a fee for obtaining a copy of the Mississippi Articles of Incorporation?
Yes, there is a fee for obtaining a copy of the Mississippi Articles of Incorporation. The fee is typically $10.
How can one find the current Mississippi Articles of Incorporation?
The current Mississippi Articles of Incorporation can be found on the Mississippi Secretary of State’s website.
Does the amendment to the Mississippi Articles of Incorporation need to be notarized?
No, the amendment to the Mississippi Articles of Incorporation does not need to be notarized.
What information must be included in the amendment to the Mississippi Articles of Incorporation?
The amendment to the Mississippi Articles of Incorporation must include the current name of the corporation, the amendment itself, and the signature of an authorized officer of the corporation.
Does the Mississippi Secretary of State need to approve the amendment to the Mississippi Articles of Incorporation?
Yes, the Mississippi Secretary of State needs to approve the amendment to the Mississippi Articles of Incorporation before it can take effect.
What are the consequences of not amending the Mississippi Articles of Incorporation?
Failure to amend the Mississippi Articles of Incorporation may result in the corporation being subject to fines or penalties imposed by the Mississippi Secretary of State.
Are there any penalties for not filing an amendment to the Mississippi Articles of Incorporation in a timely manner?
Yes, there are penalties for not filing an amendment to the Mississippi Articles of Incorporation in a timely manner. These penalties may include fines or other sanctions imposed by the Mississippi Secretary of State.
Is there a way to expedite the filing of an amendment to the Mississippi Articles of Incorporation?
Yes, an expedited filing of an amendment to the Mississippi Articles of Incorporation is available for an additional fee.
Is an amendment to the Mississippi Articles of Incorporation required to change the name of the corporation?
Yes, an amendment to the Mississippi Articles of Incorporation is required to change the name of the corporation.
Is the amendment to the Mississippi Articles of Incorporation effective immediately upon filing?
No, the amendment to the Mississippi Articles of Incorporation is not effective until it has been approved by the Mississippi Secretary of State.
Is the amendment to the Mississippi Articles of Incorporation binding on all shareholders?
Yes, the amendment to the Mississippi Articles of Incorporation is binding on all shareholders once it has been approved by the Mississippi Secretary of State.
Are there any restrictions on amending the Mississippi Articles of Incorporation regarding the corporation’s purpose?
Yes, the Mississippi Articles of Incorporation may only be amended to change the purpose of the corporation if the new purpose is related to the original purpose.
Can the amendment to the Mississippi Articles of Incorporation be made retroactive?
Yes, the amendment to the Mississippi Articles of Incorporation can be made retroactive if it is approved by the Mississippi Secretary of State.
Are foreign corporations allowed to amend their Mississippi Articles of Incorporation?
Yes, foreign corporations are allowed to amend their Mississippi Articles of Incorporation provided they follow the applicable rules and regulations.
How do I amend Mississippi Articles of Incorporation?
You must submit a Certificate of Amendment to the Mississippi Secretary of State’s office. The form must be completed and signed by an officer of the corporation.
What information is required to amend Mississippi Articles of Incorporation?
You must provide the name of the corporation, the state of incorporation, and the amendment to be made.
Are there any fees associated with amending Mississippi Articles of Incorporation?
Yes, the filing fee for amending Mississippi Articles of Incorporation is $25.
What is the turnaround time for amending Mississippi Articles of Incorporation?
The turnaround time for amending Mississippi Articles of Incorporation is usually within 2-3 business days.
Is there a specific form to amend Mississippi Articles of Incorporation?
Yes, the form for amending Mississippi Articles of Incorporation is called the Certificate of Amendment.
Where do I submit my Mississippi Articles of Incorporation amendment?
You must submit your Certificate of Amendment to the Mississippi Secretary of State’s office.

Also Read

Why Mississippi Corp Amendment is So Important

At its core, the Mississippi Corporate Amendment aims to streamline the process of incorporating businesses in the state, making it easier and more efficient for entrepreneurs to establish and grow their ventures. By modernizing and simplifying the corporate registration process, the amendment is expected to attract more businesses to Mississippi, fostering a more robust and dynamic business environment.

One of the key aspects of the Mississippi Corporate Amendment is the elimination of certain bureaucratic hurdles that have in the past hindered the establishment of businesses in the state. By reducing red tape and streamlining regulatory processes, the amendment is set to make Mississippi a more attractive destination for both new startups and established enterprises looking to expand their operations.

Furthermore, the Mississippi Corporate Amendment is designed to enhance transparency and accountability in corporate governance, thereby instilling greater confidence in investors and stakeholders. By reinforcing corporate governance standards and promoting ethical business practices, the amendment provides a solid foundation for a sustainable and healthy business environment in the state.

The passage of the Mississippi Corporate Amendment is a clear indication of the state government’s commitment to fostering a business-friendly environment that encourages entrepreneurship and innovation. By enacting reforms that facilitate the establishment and growth of businesses, Mississippi is sending a strong signal to entrepreneurs and investors that the state is open for business and eager to support their endeavors.

Moreover, the Mississippi Corporate Amendment is a testament to the state’s proactive approach to economic development and job creation. By removing barriers to entry and nurturing a more conducive business environment, the amendment has the potential to spur investment, create jobs, and drive economic growth across various sectors of the state’s economy.

In conclusion, the Mississippi Corporate Amendment is a pivotal step towards enhancing the state’s competitiveness and attractiveness as a destination for businesses. By removing regulatory hurdles, promoting transparency and accountability, and fostering a pro-business environment, the amendment is expected to yield positive outcomes for Mississippi’s economy and its business community. As the state continues to implement reforms that support entrepreneurship and innovation, Mississippi is well-positioned to thrive in the increasingly competitive global marketplace.

Conclusion

Amending the Mississippi Articles of Incorporation may not involve numerous steps, but the process can be more complex than it appears. It’s crucial to carefully consider any changes to ensure they do not negatively impact your business or client relationships. Before proceeding with modifications and amendments, it is advisable to consult with an attorney or legal professional for guidance.

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