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Video Guide on Mississippi Corporate Legal Forms management

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Commonly Asked Questions about Mississippi Corporate Legal Forms

The cost to file an annual report in the state of Mississippi varies greatly based on what type of company you own. Profit corporations, both foreign and domestic, must pay a $23.25 fee to submit their report. Nonprofit corporations must pay $25 to submit a report with the state. Foreign LLCs must pay $250 to file.
You must register your out-of-state corporation online, through the Secretary of State website. The filing fee for corporations is $500, plus a credit card fee. Heres how it works: Register for an online account via the Mississippi Secretary of State portal or log in to your existing account.
All Mississippi LLCs are taxed as a pass-through entity by default, which means all of the business revenue is reported on the members individual tax returns. In addition to the federal 15.3% self-employment tax, Mississippi LLC members pay the Mississippi personal income tax rate, which starts at 4%.
Mississippi LLC Formation Filing Fee: $50 To bring your Mississippi LLC into existence, you must pay $50 (plus a $4 credit card fee) to file your LLC Certificate of Formation. You must fill out your application online, via the Mississippi Business Services portal.
Forming a corporation in Mississippi begins with filing Articles of Incorporation with the Mississippi Secretary of State. After that, your Mississippi corporation will need to hold an organizational meeting, get an EIN, and apply for any necessary licenses. Many corporations will want to open a bank account as well.
Mississippi corporate bylaws are policies created to manage the daily operations of corporations, covering meeting procedures, corporate actions, duties of managing members, and other matters.
Starting an LLC in Mississippi will include the following steps: Create an Account with the MS Secretary of State. Choose a Name for Your Mississippi LLC. Choose a Registered Agent. File a Certificate of Formation. Draft an Operating Agreement. Request an Employer Identification Number (EIN)
Applying for an EIN for your Mississippi LLC is completely free. The IRS doesnt charge any service fees for the EIN online application.