Cost of Filing an LLC in Mississippi: Formation Fee, Business Licenses, and Seller’s Permits

Forming a limited liability corporation (LLC) is one of the first steps you should take if you want to launch a business in Mississippi. An LLC is a type of business organization that provides its owners with personal liability protection while retaining the adaptability and tax advantages of a partnership. But how much does it cost in Mississippi to register an LLC? Let’s look more closely. Formation Charge

You must submit a Certificate of Formation to the Secretary of State in Mississippi in order to establish an LLC. This form has a $50 filing charge. However, there is an extra price of $100 for 24-hour processing or $50 for 3-5 day processing if you prefer expedited processing.

You can also be required to pay for additional services like name reservations, certified copies, and registered agent services in addition to the filing price. Depending on the service provider you select, these costs may change. Licenses for Businesses

To run an LLC in Mississippi, you don’t require a normal business license. For your particular sector or area, though, there can be particular licenses and permits necessary. For instance, you will need to apply for a separate license from the Mississippi Department of Revenue if you intend to sell alcohol or tobacco goods.

You can also be required to charge sales tax to your clients if you want to sell products online. You must apply for a sales tax permit with the Mississippi Department of Revenue in order to do this. Although this license is free, you are still required to collect and send sales tax on all taxable purchases. Permit for Seller

Businesses that intend to buy products for resale must get a seller’s permission, often known as a resale permit or sales tax permit. You must register with the Mississippi Department of Revenue in order to receive a seller’s permit in Mississippi. Although this permit is free, you must renew it every year.

You might also need to apply for a Federal Employer Identification Number (EIN) from the IRS in addition to the seller’s permission. If you want to hire staff members or open a business bank account, you must have this number, which is used to identify your company for tax purposes.

In conclusion, compared to other states, Mississippi has relatively inexpensive filing fees for LLCs. Nevertheless, depending on your area and sector, there can be additional costs and requirements. It’s crucial to do your homework and comprehend the particular licenses and permits needed for your condition before establishing your organization.