Form an LLC in Mississippi — or skip the wait with a ready-made company

Mississippi is one of the most affordable states to form an LLC: a $50 filing fee, a free annual report ($0/year), and the lowest cost of living in the country. If you live or operate in Mississippi, forming here makes sense — and we can file it for you. But forming any LLC yourself means waiting for state approval and then applying to the IRS for an EIN before a bank or Stripe will fully onboard you. That's typically two to four weeks combined.

If your priority is to start trading now, a ready-made Wyoming LLC removes the queue. It's already registered, in good standing, and — the part that unblocks you — its EIN already exists. The moment the transfer completes, you can open a US business bank account, connect Stripe, and invoice the same day.

All fees below are sourced from the Mississippi Secretary of State fee schedule.

Step 1: Choose your LLC name

Search for available names on the Mississippi Business Entity Search. Your name must include "Limited Liability Company," "LLC," or "L.L.C." Ensure the name is distinguishable from existing entities on file.

Step 2: Appoint a registered agent

Every Mississippi LLC must have a registered agent with a physical street address in Mississippi. The agent must be available during normal business hours to accept legal documents on behalf of the LLC.

Step 3: File Certificate of Formation

File online through the Mississippi Secretary of State. The filing requires:

• LLC name with designator
• Registered agent name and Mississippi address
• Principal office address
• Duration
• Name and address of each organizer
• $50 filing fee

Step 4: Create an Operating Agreement

While not always legally required in Mississippi, an Operating Agreement is essential for banking, tax compliance, and internal governance. It establishes member rights, profit distribution, and management structure. We include a custom Operating Agreement in every formation package.

Step 5: Obtain an EIN

Apply for an Employer Identification Number (EIN) from the IRS. This is your LLC's tax ID number, required for banking, hiring, and tax filings. Online application is available for those with an SSN; fax or mail application for international applicants without an SSN. (A ready-made Wyoming LLC already has its EIN — no application step at all.)

Step 6: Register for Mississippi taxes (if applicable)

If you will sell taxable goods or services in Mississippi, register with the Mississippi Department of Revenue for applicable tax accounts including sales tax and income tax withholding if you have employees.

1. Annual report: Due April 15. Fee: $0 (free).
2. Franchise tax: $2.50 per $1,000 capital in MS (minimum $25). Filed with MS Department of Revenue.
3. Federal tax filing: Form 5472 with pro forma 1120 for foreign-owned LLCs.
4. Mississippi income tax: 0% on first $10K, 5% above $10K.
5. Sales tax: 7% statewide.
6. Registered agent: Maintain agent with MS address.
7. FinCEN BOI Report: Required.

The free annual report keeps filing costs at zero. The $25 minimum franchise tax is nominal. The 7% sales tax is the highest flat state rate in the US. By contrast, a ready-made Wyoming LLC has no state income tax at all — worth weighing if most of your customers are out of state.

24-hour expedited filing is available for $50; standard online filing is 2–5 business days. Remember that the EIN is a separate step after formation — which is why founders in a hurry choose a ready-made company that already has one.

Every formation package includes:

• Certificate of Formation filing with Mississippi Secretary of State
• One year of registered agent service in Mississippi
• Custom Operating Agreement
• EIN application
• Banking introduction letter
• Digital document delivery within 24 hours of state approval
• Compliance calendar with all filing deadlines
• Dedicated support via our contact desk

Over five years, forming in Mississippi runs about $175 ($50 filing + $0 reports + 5 × $25 franchise tax) — very affordable. Compare with Wyoming ($510 over five years) or read our Wyoming vs Delaware comparison guide for the full breakdown of top formation states.