Mississippi LLC formation costs

Forming an LLC in Mississippi starts with one of the nation's lowest filing fees at just $50, making it highly attractive for budget-conscious entrepreneurs. While the state requirements remain minimal, understanding the complete cost picture includes essential services like registered agents, operating agreements, and ongoing compliance requirements. 

Additional expenses often emerge from professional services, local licensing requirements, and administrative costs that vary significantly by industry and location. Your formation method, DIY filing versus professional services, ultimately determines whether Mississippi's low barrier translates into long-term savings.

Required Mississippi LLC formation costs

Mississippi mandates only a few essential expenses to establish your LLC legally.

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These core requirements create the foundation for legal operation, while optional services can streamline your business setup.

Optional formation costs

Beyond Mississippi's mandatory $50 filing fee, several optional expenses can streamline your formation process or provide additional legal protections.

Professional services

• Attorney fees: Formation assistance ranges from $200–$2,000 depending on complexity, with comprehensive packages including custom operating agreements and compliance guidance
• Accountant consultation: Initial tax planning typically costs $150–$500 and often prevents costly structural mistakes
• Business formation services: Fees vary from $0 for basic packages to $300+ for premium offerings, including registered agent services and compliance tracking

Additional filings

• Name reservation: Costs $25 to secure your business name for 180 days before finalizing formation documents
• DBA/fictitious name registration: Costs $25 if your LLC operates under a different name than its registered legal name
• Certified copies: Cost $10 plus $1 per page when banks or lenders need official verification of your LLC's existence

Local licensing

• Business permits: Costs vary by city and industry, from basic permits around $50–$150 to specialized licenses like food service permits at $224.25 or contractor licenses ranging from $50–$400
• EIN: Remains free directly from the IRS through their online portal

Ongoing annual costs

Mississippi offers significant advantages with minimal recurring state-level expenses, though local and professional service costs continue annually.

• Mississippi annual report: Due by April 15 each year ($0 for domestic LLCs, completely free, unlike most states). 
• Mississippi franchise tax: No franchise tax advantage; Mississippi doesn't impose entity-level taxes on LLCs. 
• Registered agent fees: $125–$400 annually if using a professional service; free if you serve as your agent. 
• Local business licenses: Annual renewals vary by municipality, with most general business licenses ranging from $25 to $150. 
• Professional services: Accounting and legal support as needed, typically $500–$1,500 annually for basic tax preparation and periodic consultations.

FAQs about LLC formation costs in Mississippi

Are there hidden fees when forming an LLC? 

Most surprises come from local licensing requirements and registered agent renewal fees rather than state mandates, as Mississippi maintains transparent fee schedules.

Can I get a refund if my filing is rejected? 

No, Mississippi considers the $50 filing fee as payment for processing, not approval, making it non-refundable regardless of acceptance or rejection.

How do costs compare to those of other states? 

Mississippi ranks among the lowest-cost states nationally, with its $50 formation fee and no franchise tax making long-term costs exceptionally competitive.

Can I avoid registered agent fees legally? 

Yes, you can serve as your registered agent at no cost if you maintain a physical Mississippi address and are available during business hours to accept legal documents. This eliminates ongoing service fees but sacrifices privacy and convenience.

Simplify Mississippi LLC formation costs with Discern

Discern eliminates compliance uncertainty by providing transparent pricing covering formation, registered agent services, and automated annual compliance across all 51 jurisdictions without coordinating multiple vendors. 

Book a demo with Discern today and discover streamlined Mississippi formation and ongoing compliance management.