The state of Mississippi is located in the southern part of the country. It is renowned for having a rich past, vibrant culture, and stunning scenery. Mississippi is a business-friendly state with a booming economy and cheap living and tax costs. One of the initial actions you must do when starting a business in Mississippi is to create a limited liability company (LLC). We will address several often asked issues regarding forming a Mississippi LLC in this post, such as whether or not you require articles of organization and a registered agent. What is LLC regarded as?
An LLC is a type of business entity that combines the tax advantages of a partnership with the limited liability protection of a corporation. Because they are simple to create and maintain and provide more flexibility in terms of management and ownership, LLCs are popular among small business owners. An LLC can be created in Mississippi by submitting articles of formation to the Secretary of State. Does Mississippi need articles of incorporation?
Yes, you need articles of organization to create an LLC in Mississippi. A legal document known as the articles of organization creates the LLC and lays out its fundamental details, including its name, objectives, registered agent, and members’ or managers’ names and addresses. The Secretary of State must receive the articles of incorporation along with the filing fee. Does my LLC require a registered agent?
Yes, a registered agent is required for every Mississippi LLC. An individual or organization selected as the LLC’s registered agent will receive critical correspondence and legal papers on its behalf. The registered agent must have a physical address in Mississippi and be accessible to receive documents during regular business hours. An individual who resides in Mississippi or a company with a permit to conduct business there can serve as the registered agent.
For your LLC, selecting a registered agent is a crucial choice. The registered agent must be dependable, trustworthy, and accessible during regular business hours. Although you are free to act as your own registered agent, using a reputable registered agent service is typically advised. By doing this, you can make sure that crucial documents are received and handled promptly and expertly.
In Mississippi, you can update your registered agent by submitting a change of registered agent form to the Secretary of State. An authorized member or management of the LLC must sign the paper. The new registered agent must sign a consent form, and there is a cost for filing the document. The new registered agent will take over receiving legal documents and other correspondence on behalf of the LLC once the form is filed.
In conclusion, the filing of articles of organization and the selection of a registered agent are prerequisites for creating an LLC in Mississippi. The efficient running of your LLC and the prompt receipt and skilled handling of legal papers depend on your choice of registered agent. You can update your registered agent by submitting a change of registered agent form to the Secretary of State if you need to.