To obtain (and maintain) this license, the State requires an application, a $50 to $300 fee*, extensive supporting documentation, and annual renewals.
Is a business license required in Mississippi?
Not every Mississippi business needs a license. However, many types of businesses either can or must get a license. Some licenses are issued by a state agency and others are issued locally. For example, at the state level, restaurants must have permitting and certification from the Department of Health.
How much is a local business license?
Licenses may cost anywhere from $50 to hundreds of dollars depending on your business and location. Additionally, if the license you need has an expiration date, you’ll have to pay any associated costs to renew when your license expires.
How do I start a small business in Mississippi?
How to Start a Business in Mississippi
- Choose a Business Idea. Take time to explore and research ideas for your business. …
- Decide on a Legal Structure. …
- Choose a Name. …
- Create Your Business Entity. …
- Apply for Licenses and Permits. …
- Find a Business Location and Check Zoning. …
- File and Report Taxes. …
- Obtain Insurance.
How do I start an LLC in Mississippi?
How to Form an LLC in Mississippi
- Choose a Name for Your LLC. …
- Appoint a Registered Agent. …
- File a Certificate of Formation. …
- Prepare an Operating Agreement. …
- Obtain an EIN. …
- File Annual Reports.
What is a good business to start in Mississippi?
Top 10 Small Business Investment Opportunities in Mississippi
- Cotton Farming.
- Cat Fish Farming.
- Casino Gaming Centre.
- Mom and Pop Groceries Store.
- Auto Repair Workshop.
- Frozen Yogurt Shop.
- Liquor Stores and Bars.
- Gas Station.
Is an LLC and a business license the same thing?
A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.
Do I need a local business license?
Every state (as well as some counties and cities) require you to have at least one type of business license if you plan to conduct business there. … If you plan to run a business out of your home, you likely will need at least one basic business permit or license, such as a sales tax permit.
Where do I get my business license?
The steps to getting your license usually involve:
- Go online or call your city or county office that deals with business licenses to learn the process.
- Fill out a form with your business information.
- Pay a fee, usually between $50 and a few hundred dollars.
What is a business owned by one person?
This is a business run by one individual for his or her own benefit. It is the simplest form of business organization. Proprietorships have no existence apart from the owners.
How much does it cost to start an LLC in Mississippi?
The cost to start a Mississippi limited liability company (LLC) is $50. This fee is paid to the Mississippi Secretary of State when filing the LLC’s Certificate of Formation.
Is Mississippi a good place to start a business?
Is Mississippi a good place to start a business? Yes. Mississippi has the lowest cost of living and low labor costs when compared to other states, making it an attractive place to start a business. Start-ups also have access to a range of tax breaks and funding opportunities.
How do I get a tax ID number in Mississippi?
Once you determine that your small business needs a Mississippi state tax ID, the most convenient channel to apply is online. You can complete the online application in a matter of minutes, then wait a few days to a few weeks for the application to fully process.
How long does it take to get an LLC in Mississippi?
To form a Limited Liability Company in Mississippi, file the Certificate of Formation with the Mississippi Secretary of State. The filing fee is $50. Processing time for the LLC typically takes between 3-5 business days when filing by mail and online filings are available immediately.
How do I reinstate my LLC in Mississippi?
To revive a Mississippi LLC, you’ll need to file the Application for Reinstatement Following Administrative Dissolution with the Mississippi Secretary of State. You’ll also have to fix the issues that led to your Mississippi LLC’s dissolution and obtain a tax clearance letter from the Mississippi Department of Revenue.