Select a Name for Your LLC Choosing a name for your business is the first step in founding an LLC. The name must be distinctive and distinct from any existing business name that has been registered in Mississippi. On the website of the Mississippi Secretary of State, you can determine whether a name is available.
2. Choose a Registered Agent
Your LLC needs a Registered Agent, so choose one now. Legal notices and other crucial documents will be delivered to this person on behalf of your business. A Mississippi resident or a company with a Mississippi address is required to serve as the registered agent.
3. Submit the Certificate of Formation
After deciding on a name and appointing a registered agent, you can submit the Certificate of Formation to the Secretary of State of Mississippi. Online or mail-in filing is an option. The Certificate of Formation must be filed with a $50 filing fee.
4. Create an Operating Agreement
An operating agreement is not required in Mississippi, however it is advised that you do so. The guidelines for how your LLC will be run are described in its operating agreement. It is a helpful tool for avoiding conflicts amongst LLC members. How long does it take for an LLC in Mississippi to get approved? The Certificate of Formation might be accepted 24 hours after you submit it online. The processing time for mail-in filings is up to 10 business days. In Mississippi, how much does it cost to register a business? The Certificate of Formation must be filed for a charge of $50. For services like expedited processing or others, there can be extra costs.
No, having an operating agreement is not required in Mississippi. To prevent disagreements amongst members, it is advised to establish one.
A Certificate of Existence, also known as a Certificate of Good Standing, is a document that states that your LLC is legitimately operating in Mississippi, has paid all required fees and taxes, and complies with all applicable rules and laws. It is frequently necessary when requesting business licenses, starting a bank account, and signing contracts.