Mississippi Registered Agent Services | LLC Registered Agent

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If you are trying to form an LLC in Mississippi, then take note that in this state, starting an LLC requires having a Mississippi registered agent who will handle all official paperwork on the LLCs behalf. 

Mississippi Registered Agent Requirements

There are certain requirements to fill the role of a Mississippi registered agent:

  • The nominee must be more than 18 years old.
  • The individual must have a legal, physical address in the state where the LLC will operate.
  • The individual must be physically present during normal working hours.

How to Choose a Registered Agent?

When you file your Certification of Formation in Mississippi, you must nominate a registered agent.  You can either appoint an in-house registered agent (yourself or any LLC member) or outsource a Mississippi registered agent service. 

You can elect your registered agent online through the Mississippi Secretary of State website. 

Hiring an Inhouse Registered Agent

When hiring an in-house registered agent, make sure the individual is over 18 of age and lives in Mississippi.

Can I be my own registered agent?

Yes, you can be your own registered agent. So long as you meet the basic requirements for a registered agent, then you can take on this role for your LLC.

Outsourcing a Registered Agent

You may, instead, get professional registered agent services. Doing so ensures that you will have the best individual to represent your business. 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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Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.  

What to Consider when Choosing a Registered Agent

Here are some factors to consider when choosing a registered agent.

  • Service Fee: Since most states require formal businesses to have registered agents, selecting the best-registered agent is critical. Hiring a registered agent service typically costs between $50 and $300 annually. When you consider how much time it will save you, this is a small price to pay.
  • Tenure in Business of Registered Agent: You want the registered agent to have established and time-tested procedures for handling documents that are received.
  • State Jurisdiction Limitation: If your company expands to another state, you should use the same registered agent in all states to reduce the administrative burden of dealing with multiple registered agent service providers.
  • Offer Monitoring and Follow-up Services: You want to receive up-to-date information and alerts from your registered agent as soon as possible so that you are aware of the various statutes, rules, and regulations that apply to your company.

Mississippi Business laws and Registered Agent

Registered agents are responsible to handle all the business laws and other legal issues related to Mississippi LLC. Every state has its own business laws. Mississippi is no exception. It has its own set of different business laws to follow. Here are some of the important business laws every business should follow.

  1. Mississippi Antitrust Laws: Antitrust laws regulate and prevent anti-competitive practices in any open market by levying heavy penalties and punishment against such activities. These laws counter the formation of cartels, monopolies, or any barrier created for new entrants in the market.

    The Mississippi Trusts and Combines in Restraint or Hindrance of Trade Code prohibit any agreement in restraint of trade, product monopolization, price-fixing, quantity fixing, acquisitions executed to reduce competition in the market, knowingly issuing or holding stock certificates of any trust, and any unfair methods of competition. Public Contract fraud is also prohibited in the State.

    The State allows a successful plaintiff to recover attorneys’ fees. Other penalties levied on the offender are a fine of $100 to $5000 for the first offense and a fine of $200 to $10,000 for a subsequent offense, injunction, unenforceable contracts, and losing their business license. Public contract fraud is considered a misdemeanor with a fine of $25 to $1000.
  2. Mississippi Civil Statute of Limitations: Every lawsuit must be filed within a certain period of time after the occurrence of the incident as per the Statute of Limitations. In general, the time period for filing a lawsuit in Mississippi varies between 2 years to 7 years. Suits for crimes such as injury to person and property, slander should be filed within 3 years of the incident, while disputes relating to rents, collection of debts, and contracts should be brought before the court within 3 years from the date of breach/dispute. For judgments, the suits can be filed within 7 years for both domestic and foreign judgments.
  3. Mississippi Wage and Hour Law: The Employers in Mississippi must abide by the wage and hour laws prescribed under the U.S. Fair Labor Standards Act. The minimum wage is set at $7.25 per hour. The minimum wage for a tipped employee is $2.13 per hour as long as the combined wage equals the federal minimum wage of $7.25 per hour. Any employee who works for more than 40 hours in a week should be compensated with overtime pay which is 1.5 times the regular hourly rate.

    Any employer found in violation of the laws shall be liable to civil penalties and action can be instituted to recover the full wage amount.
  4. Mississippi Interest Rates Laws: Every state in the United States has an Interest law for businesses. Normally, the general interest rate guidelines are less than the legal threshold of interest rate. Mississippi has laws to limit the interest rates and significantly high-interest rates are considered unlawful and open to criminal prosecution. The maximum legal interest rate is 8%. The contract rates should not exceed greater than 10% or 5% above the discount rate. The interest rate on judgments is determined as per the contract rate or as set by the judge. The penalty for usury can render such contracts in violation of the interest laws as void and the debtor may recover 100% of the amount paid, and the offender to be held guilty of a misdemeanor and fined up to $1000.
  5. Mississippi Pyramid and Ponzi Scheme Laws: Any pyramid or Ponzi scheme is considered illegal in Mississippi as they are contrary to the public policy of the State. These schemes are deceptive in nature and participating or organizing such activities is prohibited by the laws of the State. Penalties for participating in such activities include imprisonment up to 6 months and a fine of $500. Committing such a practice is a misdemeanor with fines of up to $1000 for the first offense and imprisonment up to 1 year in addition to a $1000 fine for a second offense committed within 5 years of the last offense. The third offense shall be considered a felony punishable with imprisonment up to 5 years and a fine up to $5000.
  6. Mississippi Deceptive Trade Practices Laws: The State of Mississippi aims to protect its residents from unfair business practices. Such practices mislead the consumers into investing in invaluable market products by selling them with twisted statements and lies such as false advertising. The laws specifically prohibit false advertising and odometer tampering.

    For remedies to the plaintiff, the court can order restoration of money or property, imposition of civil penalty up to $10,000 for a willful violation, and recovery of attorneys’ fees. Odometer tampering is considered a misdemeanor and punishable with fines of up to $500 and/or imprisonment up to 6 months.

The Registered Agents are the people who act as points of contact between your business and the State Authorities. They assist your business in ensuring compliance with all regulations and codes of the State. Hiring a registered agent in Mississippi will help you handle your business in a smooth and legally compliant manner.

How to Remove a Registered Agent for LLC in Mississippi

The first step in how to remove a registered agent for LLC in Mississippi is to file an amendment with the Secretary of State of Mississippi. This is done by submitting a form (F0101 for an LLC and F0012 for a corporation). If you change the agent and it’s accepted, you’ll receive a notification from the Secretary of State. You can pay the fee online using a credit card or through an electronic check.

The next step is to decide how to remove the registered agent. Changing a registered agent in Mississippi may seem like a big hassle, but it doesn’t have to be. You can easily and quickly change the registered agent for an LLC by completing an online form. The form should include the name of the company, its registered address, email address, and the name of the company’s registered agent. Finally, you need to provide a NAICS code, which is used to identify the industry of the company.

Changing your registered agent in Mississippi can be complicated, but the process can be quick and easy if you follow the instructions carefully. Using a registered agent service is the best option for businesses looking to remove a registered agent from their LLC. These companies are experienced in dealing with business paperwork and know how to manage your documents efficiently. This way, you can save your time and let them focus on running your business.

F.A.Qs

Do you need a registered agent for your LLC in Mississippi?

All corporations and limited liability companies doing business in Mississippi are required by state law to appoint a Mississippi registered agent. Mississippi registered agents provide a reliable way for the Secretary of State and state courts to contact a corporation or LLC.

Who qualifies to be a registered agent?

A registered agent is simply a person or entity appointed to accept service of process and official mail on your company’s behalf who lives in the state of service and is over 18.

Why should you not act as your own registered agent?

If you intend to be your own registered agent, you may be forced to use your home address (especially if you run a home-based or web-based business), making the address public.

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