LLC Cost in Mississippi – How Much to Pay for an LLC


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Perhaps you are hoping to form an LLC in Mississippi. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Mississippi.

Mississippi LLC Cost of Filing

Here are the costs involved in forming an LLC in Mississippi.

Cost of Filing Formation Certificates

The Mississippi Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Mississippi Secretary of State

Mississippi Domestic LLC

  • Online Filing costs $50
  • Annual Report filing costs $0
  • Name Reservation Fee costs $25
  • By mail filing: Not Available

Mississippi Foreign LLC

  • Online Filing costs $250
  • Annual Report filing costs $250
  • Name Reservation Fee costs $25
  • By mail filing: Not available

Visit the Business Documents Filing Fees by Mississippi Business Corporations to learn more about the forms and fees requirements of business LLCs in Mississippi.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so. Besides, Mississippi only allows online filing to date.

Mississippi LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Mississippi, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Mississippi Department of Revenue for regulatory boards or agencies requiring licensing. 

Mississippi LLC taxes to be Paid

Though the annual report filing in the State of Mississippi is free of cost, the LLCs in the State are subject to different State Tax filing obligations. Though the taxes vary from county to county.

Mississippi State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate varies between 3.0% to 5.0%, depending on the total amount of taxable income.

Mississippi Sales Tax

The standard rate of sales tax applicable is at the rate of 7.00% and the maximum local or county rate that applies additionally is 1.00%.

Mississippi Federal Self-Employment Tax

Any profit that Mississippi LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Mississippi Employer Payroll Tax Withholding

If you hire employees in Mississippi, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Cost Comparison among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Mississippi, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales Tax
Mississippi LLC$50$07.00%
Tennessee LLC$300$300 (Annual)7.00%
Alabama LLC$200$100 (Annual)4.00%
Louisiana LLC$100$35 (Annual)4.45%
Arkansas LLC$45$150 (Annual)6.50%

Mississippi’s economy has witnessed a forward-looking forecast with a significant rise in its GDP. Manufacturing, trade, real estate, health, and education have been the major contributing sectors to the State’s rising economy.

Other Costs

How Much Does It Cost to Maintain an LLC in Mississippi

To maintain an LLC in Mississippi you do not need to pay an annual fee. However, state income tax at 3% to 5%, sales tax at 7% and federal taxes are levied.

If you are starting a business in Mississippi, you may be wondering how much it costs to maintain an LLC. The answer depends on your business needs, and the type of license you need. There are also a few other required expenses that may not be included in the total cost. For example, you must get a license for your business if you want to conduct business in Jackson. The Secretary of State has a Business One Stop website where you can learn about the requirements in your city.

The cost of LLC maintenance in Mississippi varies, depending on the types of licenses you need to operate your business. While some require professional licenses, others only need a license once. You can find a comprehensive list of business forms and fees at the Mississippi Secretary of State. The state of Mississippi is home to close to 265,000 small businesses, and they employ nearly 46% of the state’s workforce.

Once your business has been established and is operating, you can file the appropriate forms. The filing fee for an LLC in Mississippi is $50, which can be paid through credit card or eCheck. Online filings may also include a convenience fee, which can be as little as $5. The processing time varies based on various factors, but it’s generally less than $5. The processing time is usually 3-5 business days.

As a minimum, you must file an Annual Report with the Mississippi Secretary of State. The annual report is required of all LLCs in Mississippi and must be filed online by April 15th of each year. To file the annual report, you must use the Mississippi Secretary of State Business Search. You must also have a Business ID number issued by the state. Find this number by searching the name of your business online. In addition to filing fees, you will need to pay for a registered agent, which can cost between $50-300 per year.

A registered agent is necessary to receive important documents from the state. You must choose a registered agent to act as your LLC’s point of contact. Many business owners choose to use a registered agent service. Some companies include a year of registered agent service for free when you form an LLC. Registered agent services generally charge about $150 a year. However, fees vary depending on your business needs. If you choose to hire a registered agent, keep in mind that it’s important to pay the fees before you start the business.

When you are ready to create an LLC in Mississippi, you’ll need to register with the Secretary of State. You’ll need to comply with the state’s rules regarding LLC naming, and make sure that the name you choose is available. You’ll also need to hire a registered agent, which is a person with an address in Mississippi who will act as the company’s point of contact.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

In Conclusion

The cost of Mississippi is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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