Forming-a-Mississippi-Corporation-Guide

Are you looking to start a business in Mississippi and incorporate it as a corporation? This comprehensive guide will walk you through the process of forming a Mississippi corporation, including the necessary steps, fees, and requirements. From choosing a business name to filing articles of incorporation, we'll cover it all.

In Mississippi, corporations are formed by filing articles of incorporation with the Secretary of State's office. The articles must include the corporation's name, purpose, and the names and addresses of the initial directors. The corporation must also have a registered agent and office in the state.

Before you start the process, you'll need to choose a business name that is not already in use by another corporation in Mississippi. You can search the Secretary of State's database to check the availability of your desired name. If the name is available, you can reserve it for 120 days by filing a name reservation application.

Once you've chosen a business name, you'll need to prepare the articles of incorporation. The articles must include the following information:

• The corporation's name and purpose
• The names and addresses of the initial directors
• The registered agent and office
• The number of shares the corporation is authorized to issue
• The par value of the shares

You'll also need to appoint a registered agent, who will receive legal documents and notices on behalf of the corporation. The registered agent must be a resident of Mississippi or a corporation authorized to do business in the state.

After preparing the articles of incorporation, you'll need to file them with the Secretary of State's office. You can file online or by mail. The filing fee is $50.

Once the articles are filed, the corporation will be officially formed. You'll need to obtain a federal tax ID number from the IRS and register with the Mississippi Department of Revenue for state tax purposes.

In addition to the articles of incorporation, you'll also need to prepare bylaws, which are the rules and procedures for governing the corporation. The bylaws should include provisions for the following:

• The purpose and powers of the corporation
• The composition and powers of the board of directors
• The officers and their duties
• The meetings and voting procedures
• The distribution of profits and assets

Finally, you'll need to hold an organizational meeting to elect the initial directors and officers, adopt the bylaws, and take care of any other necessary business.

Forming a Mississippi corporation can be a complex and time-consuming process, but with this guide, you'll be well on your way to successfully incorporating your business.