How to Form an S-Corporation in Mississippi
The state of Mississippi produces more than half of the country’s farm-raised catfish, and it is also a top producer of sweet potatoes, cotton, and pulpwood. Other main state industries include advanced manufacturing, trade, transportation and utilities, and education and health services.
When forming an S-Corporation in the state of Mississippi, you must complete the following requirements:
- Select a business name according to requirements
- File all necessary articles of organization and submit filing fees
- Fulfill registered agent requirements
- Register your federal tax ID
- Complete annual reports
- Establish a director
Let Eco-fyle help you fullfil your business needs.
Select Business Name According to State Requirements
- Name requirement: Your name must include “Corporation,” “Incorporated,” “Company,” “Limited,” or an abbreviation for one of these words.
- If you are a professional corporation, you can use “Professional Corporation or “P.C.” as your designation.
- Tip: Most corporations keep it short and sweet with “Corp” or “Inc.”
File Articles of Organization and Submit Filing Fees
- To start a corporation in Mississippi, you must file Articles of Incorporation with the Secretary of State’s Business Services.
- Filing Fee: $50
- If you submit your filing online, there is also a variable convenience fee that is around $3-4.
- Processing Time: Mississippi Articles of Incorporation must be filled out online and then either submitted electronically or printed out and mailed. The processing time is quick—just a day—but if you mail your form, you will need to add time for postal delivery.
Fulfill Registered Agent Service Requirements
- In your Articles of Incorporation, you’re required to list a Mississippi registered agent. You can either hire an agent or appoint someone.
Register Your Federal Tax ID Number
- Corporations must have an EIN for their federal tax filings.
- You will also need your EIN before registering for Mississippi’s Taxpayer Access Point, the state’s online tax system.
Complete Annual Reports
- Your Mississippi Annual Report is a form you file to confirm or update your corporation’s ownership and contact information with the Secretary of State’s Business Services.
- Annual Report Deadline: April 15
- Filing Fee: $23.25
- Fail to file? The state will dissolve your corporation.
Establish A Director
- Minimum number: Corporations are required to have one or more directors.
- Director qualifications: The Articles of Incorporation or bylaws may prescribe the qualifications for directors.
- Appearance in articles: Not required. Directors’ names and addresses do not have to appear in the Articles of Incorporation.
- Written consent: Permitted. Directors may act in writing in lieu of holding a meeting.
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incorporation. Request a consultation with one of our specialists!