1. Mississippi LLC Overview

If you operate a business in Mississippi, forming a local LLC is required. The state makes ongoing compliance a breeze by removing the filing fee for the annual report.

  • Low formation fee — $50 to file a Certificate of Formation
  • Free annual report — $0 fee
  • Declining income tax — MS has phased down its personal income tax to 4%

2. Mississippi LLC Requirements

  • Name must contain "Limited Liability Company" or "LLC"
  • Appoint a registered agent with a Mississippi physical address
  • File a Certificate of Formation with the Secretary of State ($50)
  • File an Annual Report by April 15 each year ($0)

3. Mississippi LLC Costs and Fees (2026)

Cost Item Amount Notes
Certificate of Formation$50Online filing fee
Annual Report$0Due April 15
Registered Agent$50–$150/yearRequired MS physical address
EINFreeApply at IRS.gov
Operating Agreement$0–$1,000Recommended, not legally required

4. How to Start a Mississippi LLC (Step by Step)

  1. 1 Choose your LLC name (must include "Limited Liability Company" or "LLC")
  2. 2 Appoint a registered agent with a Mississippi physical address
  3. 3 File a Certificate of Formation with the MS Secretary of State ($50 online)
  4. 4 Obtain an EIN from the IRS (free at IRS.gov)
  5. 5 Draft an Operating Agreement (not filed, but legally binding)
  6. 6 File the Annual Report by April 15 each year ($0 fee)
  7. 7 Open a business bank account
Don't Forget the Free Report

Even though the Mississippi annual report is free ($0), you must still file it every year by April 15. If you fail to file, your LLC will lose its good standing and may eventually be administratively dissolved.

5. Mississippi Annual Report

Mississippi LLCs must file an Annual Report online to maintain their active status.

  • Due Date: Between January 1 and April 15 of each year.
  • Fee: $0.
  • Filing: Filed online via the Secretary of State's business portal.

6. Mississippi LLC Taxes (2026)

  • State income tax — 4% top rate on pass-through profits (phased down)
  • Federal income tax — Pass-through to personal return
  • Self-employment tax — 15.3% on net earnings
  • Sales tax — 7% state base rate + local county/city additions

7. Best For / Not Best For

Best For

  • Entrepreneurs living and operating in Mississippi
  • Founders wanting an LLC with $0 annual reporting fees

Not Best For

  • Out-of-state owners without Mississippi nexus