Mississippi LLC Annual Report: Requirements and How to File

Mississippi LLC annual report signing the form Mississippi map

Unsure how to go about filing your Mississippi LLC annual report? In Mississippi, this is a mandatory task that you’ll need to complete each year to keep your business in good standing. 

However, there are a few complexities to be aware of when filing your annual report. This guide will show you how to do it the right way.

What to know about an annual report in Mississippi

An annual report is a mandatory filing that LLCs in Mississippi must submit each year. It’s basically a status update for the state that confirms key business details like ownership, management, and location. 

Primary purposes of the annual report include:

  • Maintaining compliance with state regulations by ensuring your business remains legally registered and active
  • Updating business records to reflect any changes in structure, management, or addresses
  • Providing transparency so that the public, investors, or government agencies can access current company information

Costs and due dates:

  • Filing an annual report for domestic LLCs (formed and registered in Mississippi) is free.
  • For foreign LLCs (formed in another state but registered in Mississippi), the filing fee is $250.
  • It costs $50 for foreign and domestic LLCs to file a Certificate of Amendment to change company information.
  • It costs $10 for foreign and domestic LLCs to change the registered agent or their address.
  • LLCs can begin filing annual reports starting January 1st of each year—and all annual reports are due by April 15th of that year.

How to file an annual report in Mississippi

Filing an annual report in Mississippi can be tricky if you’re unfamiliar with the process. Follow the steps below, or partner with a compliance service to help you do it correctly.

Fill out the form with the required information

In Mississippi, all annual report documents are filed online, so once you log in to the online portal, you’ll have a pre-filled form waiting for you. You’ll need to go through and verify the following details:

  • Business ID number: This is the identification number that the state of Mississippi has assigned to your LLC.
  • LLC business name: This is the legal name of your LLC as you registered it with the Mississippi Secretary of State when the company was formed.
  • Primary business address: The main physical address where your business operates.
  • Business email address: The primary email address to contact your business.
  • State of formation: This is the state where your LLC was originally formed. Your LLC is considered a domestic organization if it was formed in Mississippi and a foreign organization if formed elsewhere.
  • Business phone number: The primary phone number to contact your business.
  • Business FEIN: Your Federal Employer Identification Number, which the IRS issues for tax purposes.
  • Members’ and managers’ names and addresses: This should be a list of the names and addresses of all key stakeholders within your LLC.
  • Registered agent name and address: If you’re using a registered agent, you must list their name and address.
  • North American Industry Classification (NAICS) code: This is a code you’ll need to choose from the NAICS to classify your business according to its industry.
  • Statement of purpose: This is a brief description of what your LLC does.

Choose one of the filing options:

In Mississippi, all annual reports must be filed online. In reality, this means you have two options: DIY filing or through a compliance service. 

File online

To file online, you’ll need to visit the Annual Reports page from the Mississippi Secretary of State, use your business ID number or username and password to log in, then complete and verify the annual report. 

File with a compliance service

You can also use a compliance service to complete your Mississippi annual report filing for you. Services like Tailor Brands can remove this task from your already heavy workload—and make sure that your annual report is accurate and fully compliant with Mississippi state regulations.

Pay the filing fees

If your business was originally registered in Mississippi, you won’t have to pay an annual report fee. However, you may need to pay other fees if you need to make a change to your annual report.

If you do need to make a change, you’ll need to file a Certificate of Amendment, which costs $50. The fee to change the registered agent is $10, and the fee to change the registered agent’s address is also $10.

For foreign LLCs formed outside of Mississippi, the above fees are the same—and you’ll also need to pay a filing fee of $250.

Make sure you file on time

Mississippi gives organizations a window during which they can file annual reports each year. You can file starting on January 1st of the year, and all annual reports are due by April 15th of that year.

What Happens if you fail to file on time?

Failing to file your annual report on time can lead to major consequences for your LLC. Learn what to expect below.

Late fees, fines, and penalties

Mississippi doesn’t charge late fees, fines, or penalties for businesses that file their annual reports late or for those who fail to file at all.

Dissolution

If your LLC still hasn’t filed its annual report within 60 days of the yearly due date, the organization will automatically be dissolved. This is referred to as an “administrative dissolution.”

If you want to reinstate your company, you’ll need to get a tax clearance letter from the Mississippi Department of Revenue, which you’ll use to fill out a Reinstatement form via the Mississippi Secretary of State’s online portal.

Maintain your LLC good standing

Filing your Mississippi LLC annual report on time each year is critical to keep your business in good standing. To do so, you’ll need to collect key information and verify it through the Secretary of State’s online portal. 

Consider using a compliance service like Tailor Brands to make this task easier. We specialize in filling annual reports, helping you ensure that your yearly report is accurate and timely.

FAQs

Mississippi does not accept mailed annual reports. Once you’ve formed your LLC, you’ll need to use your business identification number to create a username and password to access the Mississippi Secretary of State’s online portal. From there, you can file your annual report, complete amendments, or make other changes.

While Mississippi doesn’t have an annual filing fee for domestic LLCs, you may need to pay a small fee to make amendments to your annual report. These payments can be made with credit cards, e-checks, or using your bank account.

After your filing has been completed, you will receive an email notifying you that either your filing has been accepted or that it needs corrections. Often, businesses receive these emails the same day that they file.