Starting a Business in Mississippi
LLC filing: $50 | Corp filing: $50 | Business-friendly score: 6.5/10
Business Environment at a Glance
6.5/10
Business-Friendly Score
0% - 5%
Income Tax
7%
State Sales Tax
$7.25
Minimum Wage
Business Filing Fees in Mississippi
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $50 | One-time, filed with Secretary of State |
| LLC Annual Fee | $0 | No annual fee required |
| Corporation Filing Fee | $50 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $25 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 0% - 5% |
| Corporate Tax Rate | 5% |
| State Sales Tax | 7% |
| Max Local Sales Tax | 1% |
| Minimum Wage | $7.25/hr |
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Mississippi Special Requirements
- Annual report required for corporations ($25), not required for LLCs
- Mississippi Sales Tax Permit required for retail businesses
- Workers compensation required for 5+ employees
- Mississippi Department of Employment Security registration for employers
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Start Your Business in Mississippi
Form your LLC in Mississippi for $50 online.
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