Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Mississippi incorporation.
The corporation’s name must contain the word "Corporation," "Incorporated," "Company," "Limited" or an abbreviation thereof. For banking corporations, the words "Bank," "Banking" or "Bankers" may be used. The word "Trust" cannot be used. The name may not contain language stating or implying that the corporation is organized for a purpose other than the one permitted by the Articles of Incorporation. The name cannot be the same as or deceptively similar to that of a domestic or foreign-qualified corporation.
The following are Mississippi’s requirements for directors of corporations:
The document required to form a corporation in Mississippi is called the Articles of Incorporation. The information required in the formation document varies by state. Mississippi's requirements include:
Mississippi allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Mississippi corporations.
Mississippi corporations must keep the following items with their corporate records at the principal office:
The following are taxation requirements and ongoing fees for Mississippi corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Mississippi recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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