If you already have an LLC in another state and want an LLC in Mississippi, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Mississippi.
On this page, you’ll learn about the following:
- Forming an Mississippi Foreign LLC
- Steps to Filing Mississippi Foreign LLC Online
- After Forming Mississippi Foreign LLC
Forming an Mississippi Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Mississippi, you need to register it with the Mississippi Secretary of State.
Step 1: Choose Mississippi Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Mississippi Secretary of State. Your LLC’s legal name outside of Mississippi will be listed on the application, along with the name it will use in Mississippi. Take note of the requirements for naming your LLC.
Step 2: Select Mississippi Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Mississippi and take note that a Mississippi registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Mississippi Foreign LLC
Fill out and submit a Foreign LLC Application for a Registration form by mail to P.O. Box 1033 Jackson, MS 39215-1033.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Mississippi
- Date when your LLC will start operations in Mississippi.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Mississippi, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Mississippi Foreign LLC is taxed
Foreign LLCs are also subjected to the Mississippi Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Mississippi Foreign LLC Online
Time needed: 5 minutes.
When you are registering for the foreign LLC in the State of Mississippi, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $250. After approval, you will receive a Verification Certificate from the State Office. The State does not offer offline filing options and the application can be filed via online mode only. We have explained the aspects you need to cover when you apply for Mississippi Foreign LLC.
- Go to the Official State of Mississippi website
Visit the Business Services Portal on the Secretary of State website. The portal offers a one-stop solution to all business filings and information.
- Business Filings
On the Business Services page, click on the “Business Filings” options available on the bar below the heading.
- Login to your account
On the following page, the login box is available. If you already have an account with the Secretary of State, proceed to fill in your username and password and click on ‘login’. If you do not have an account, then click on the ‘Register’ tab. After clicking on the Register tab, on the next page check the ‘I am not a robot’ box and proceed to create your account.
- Create your account
On the account registration page, fill in the required details such as first and last name, street address, business address, business email, primary phone number, and date of birth. Then click on the ‘Next’ tab and complete the registration process.
- Proceed with the Registration
After the creation of your Account, proceed with the registration and business filing online on your account. Enter all the important information.
- Review your Information
Review the information provided in the form thoroughly to be accurate and correct.
- Complete the payment
Finally, make the payment online of $250. Once done, you will receive a notification regarding the completion of the filing of your Mississippi LLC.
After Forming Mississippi Foreign LLC
Here are added things you need to accomplish after forming your Mississippi Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Mississippi.
How Much Does It Cost to Register a Foreign LLC in Mississippi
To register as a foreign LLC in Mississippi, you can file online by paying a filing fee of $250 to the Mississippi Secretary of State.
When you are setting up a foreign LLC in Mississippi, there are several things you will need to know. You will need to choose a name and register with the state. There are also some other licenses and permits you will need to get if you want to do business in the state.
While registering a foreign LLC in Mississippi is not the most complicated process, it does have some requirements. The first is to make sure your LLC is registered with the Mississippi Secretary of State. This will allow you to conduct business in the state. In addition, you will need to obtain a business ID number.
Another requirement is to have a registered agent in the state. A registered agent is an individual or corporation who has a physical address in the state and is available to receive legal mail. It is also your first line of defense in the event of a lawsuit. Your agent will need to file an annual report with the state. Most businesses use a third party to handle their registered agent needs.
You will need to file a Certificate of Formation with the Mississippi Secretary of State. These forms are similar to the Certificate of Formation in your home state. If you are a foreign limited liability company (LLC), the filing fee is $250. However, you may be required to pay additional fees. For example, your business may be subject to a sales tax or payroll tax.
You will also need to register your foreign LLC with the IRS. The Internal Revenue Service issues an Employer Identification Number, which you can get for free. Having an Employer ID Number will help your foreign LLC comply with the state’s taxes.
Another thing you will need to do is fill out the Mississippi Foreign Qualification form. Although this requirement is not as time-consuming as other tasks you might need to complete, you will need to pay a small fee. Also, you must fill out an Application for Registration of a Foreign Limited Liability Company.
You might also need to file an Annual Report with the Mississippi Secretary of State. While it is not a requirement for specific activities, all LLCs that are active in the state will need to do this. Thankfully, the SOS website has a convenient filing system.
The most important part of this process is to fill out your Foreign LLC Application for a Registration correctly. Once you submit your form, the state will review it and let you know whether it is approved or not. If your application is approved, you can then register your LLC with the state.
Before you begin the registration process, you may need to do some research on the state’s licensing laws. You will need to get a business license from the secretary of state or from the local government agency if you are doing business in a specific industry. Some states will only require a business license if you own real property, while others will ask you to get a specific license for a specific activity. Be sure to consult with an attorney to ensure you are compliant with the state’s requirements.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Mississippi.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Mississippi as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Mississippi does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.