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
Major Cities in Mississippi
Browse Industries in Mississippi
Start Your Business in Mississippi
The state filing fee for an LLC in Mississippi is $50. Licenses, insurance, equipment and rent usually cost far more: see the full picture for your business type and city.
Estimate your startup costs