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| Incorporate your business in Mississippi;
Our Incorporation information is to help you with the small
business startup process. The Mississippi Incorporation info can
help answer questions like "How do I form an LLC in Mississippi?"
or "What type of Incorporation entity should I be? An Mississippi
S-Corporation or an Mississippi C-Corporation?" or "What are the
requirements for an Mississippi Corporation?" It's easy to set up
an Mississippi Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go! |
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| Corporate Name Endings
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| The name must contain the word "Corporation,"
"Company," "Incorporated," "Limited," or the abbreviation "Corp.,"
"Co.," "Inc.," "Ltd.," or words or abbreviations of like import
in another language. The name may not contain language implying
the corporation is organized for any unauthorized purpose. The
name must be distinguishable from that of domestic or foreign
corporations entitled to do business in the state, or to reserved
or registered names. |
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| Corporation Requirements |
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- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles
of incorporation.
- Officer Information
- Officers are not required to be listed in the articles
of incorporation.
- Stock Information
- An increase in shares or par value does not affect
initial filing fees.
- Corporate Records
- The articles of incorporation, bylaws, minutes of
shareholders' and directors' meetings, names and addresses
of current directors and officers, and the most recent
annual report must be kept must be kept at the principal
office of the corporation.
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| Tax and Fees |
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- Annual Statements
- Annual reports are due within 60 days of each anniversary
date of incorporation with respect to a domestic corporation,
and within 60 days of each anniversary date of authorization
to transact business in Mississippi with respect to
a foreign corporation. The filing fee is $25.
- Income Tax Rate
- Tax rates are 3% of the first $5,000 of taxable income
allocated to Mississippi; 4% on the next $5,000; and
5% for all taxable income over $10,000.
- Franchise Tax Rate
- Every domestic and foreign corporation doing business
in Mississippi must pay a franchise tax. The franchise
tax return is due by the 15th day of the 3rd month following
the accounting close of the corporation. The franchise
tax rate is $2.50 per $1000 or fraction thereof the value
of the capital used, invested, or employed in Mississippi.
The minimum tax is $25 and is based on the corporation's
capital at the close of its year preceding the filing
of the return. Capital includes issued and outstanding
capital stock, paid-in capital, surplus, retained earnings,
and all true reserves, as well as amounts designated for
payment of dividends unless irrevocably placed to the
credit of stockholders. Excluded are debts, bonds, mortgages,
and reserves for bad debts, depreciation, or valuation
- S Corporation
- S Corporation status is recognized by the State of
Mississippi; however, S Corporations are still required
to file a franchise tax return.
- License Requirements
- Mississippi requires that you obtain a license and
pay a fee if operating certain types of businesses in
the state. The following is a partial list:
- Attorneys
- Barbers
- Child care facilities
- Dentists
- Food-handling establishments
- Optometrists
- Pawn brokers
- Pharmacists
- Psychologists
- Real estate brokers and salespersons
- Stores
Please check with the state to make sure your business
is complying with the license requirements for your
particular profession.
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For more information on taxes, visit: http://www.mstc.state.ms.us
For additional or updated information, visit: http://www.sos.state.ms.us
Mailing Address:
Secretary of State
Business Services Division
P.O. Box 136
Jackson, MS 39205-0136
Tel: (601) 359-1350
Fax: (601) 356-1499
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| Would you like to incorporate
in Mississippi? Click
here to purchase the Mississippi Incorporation Kit. |
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