Choosing the ideal name is essential when beginning a new business. Your company name will be the first thing prospective clients will see about you, so it’s crucial to pick one that is distinctive, descriptive, and legally available. There are some additional factors to keep in mind if you’ve chosen to incorporate your firm as a Limited Liability Company (LLC). Here are some pointers and directives for choosing an LLC name.
The Mississippi Secretary of State’s office manages the Tap Dor MS Gov online platform, which enables people and businesses to conduct searches for already-used entity names, reserve a name for their firm, and submit their formation paperwork online. This is a quick and simple method for setting up your LLC in Mississippi.
The Mississippi Department of Revenue must receive an annual state tax return from every company operating in Mississippi. The legal makeup of your company will determine the type of tax return you must file. You must submit either a Form 83-105 (Corporate Income and Franchise Tax Return) or a Form 83-100 (Partnership Return) for LLCs. Through the website of the Department of Revenue, these forms may be submitted online.
Your company will be given a Tax ID Number, sometimes called an Employer Identification Number (EIN), by the IRS. To open a business bank account, recruit staff, and file taxes, you need an EIN. On the IRS website, you can apply for an EIN for free online.
An EIN can be obtained for free. There are several third-party businesses that offer to get you an EIN in exchange for money, but you don’t need to do so. Through the IRS website, getting your own EIN is simple.
Finally, choosing an LLC name is a significant choice that has to be carefully thought through. Make sure the name you select is original, evocative, and readily available. To check if the name you choose is available and to submit your formation documentation online, use resources like Tap Dor MS Gov. Get an EIN as soon as your LLC is established so you may file your taxes and create a company bank account. You may build a profitable and legally compliant business by paying attention to these advice and recommendations.