Yes, if you intend to run a business in Mississippi, you must register your company. By registering your company, you will have legal security and the ability to conduct business in accordance with local regulations. If you’re a sole proprietor, you can use your legal name to conduct business. However, you must submit a DBA (doing business as) form to the Mississippi Secretary of State if you want to utilize a different name. How Can I Set Up a DBA in Mississippi?
You must submit a Certificate of Assumed Name to the Mississippi Secretary of State in order to register a DBA there. The following details must be on the certificate: The following information must be provided:
– The assumed name you intend to use
– Your company’s physical location
– The names and addresses of the business’s owners
– The date you intend to begin using the assumed name
Which is preferable in this case, an LLC or a sole proprietorship? Any business owner must carefully consider whether to operate as a lone proprietor or create an LLC. A sole proprietorship lacks any legal protection for your personal assets even though it is the most straightforward and affordable business structure. However, creating an LLC gives you legal protection and delineates your personal assets from those of your company. However, establishing an LLC is more difficult and expensive than doing business alone. How Do I Launch a Business in Mississippi, Also?
1. Decide on a business structure – Choose between a corporation, LLC, partnership, or sole proprietorship.
3. Register your business – File a business registration with the Secretary of State of Mississippi.
5. Obtain an Employer Identification Number (EIN) – The IRS will provide you an EIN if you want to employ people.
Finally, registering a business name in Mississippi is a crucial first step in opening a company there. You must register your firm with the Mississippi Secretary of State whether you intend to run it as a single proprietorship or as an LLC. Additionally, by taking the above-listed actions, you can successfully launch a business in Mississippi.
In Mississippi, forming an LLC costs $50. When submitting the articles of organization to the secretary of state of Mississippi, this cost is paid. Additional charges could also apply for services like expedited processing or other ones.