How to form a corporation in Mississippi
Starting a corporation in Mississippi is more manageable than many business owners expect. Below is an overview of the key steps involved in Mississippi corporation formation, from planning through to filing.
1. Choose your corporation type
Mississippi allows several types of corporations. Most businesses choose either a C corporation or an S corporation, though nonprofit and professional corporations are also available depending on the nature of your business and its goals.
2. Decide on a company name
Once you’ve selected your corporation type, you’ll need to choose a business name. Your name must be distinguishable from other entities already registered in the state. Many business owners run a Mississippi corporation search to confirm availability before moving forward and avoid delays during filing.
3. Get a registered agent
Every Mississippi corporation is required to appoint a registered agent with a physical address in the state. The registered agent receives legal and state correspondence on behalf of your corporation. You may appoint an individual or a professional service provider. Corporate Creations offers nationwide registered agent services and can help ensure you meet Mississippi requirements.
4. Choose an incorporator
The Articles of Incorporation must list an incorporator. This person or entity signs the filing and submits it to the Mississippi Secretary of State. While an attorney can serve as incorporator, many businesses choose a trusted third party, such as Corporate Creations, to handle this role.
5. Issue shares
Corporations in Mississippi must authorize at least one share of stock. You may authorize additional shares and, if desired, multiple classes of stock. When more than one class is authorized, the Articles of Incorporation must outline the rights and privileges associated with each class.
- You must authorize a minimum of one share, with the option to authorize more.
- Multiple classes of stock are permitted, provided each class is clearly defined.
Because share structure can have long-term implications, many business owners seek professional guidance before finalizing this step.
6. File the Articles of Incorporation
After gathering the required details, you’ll file the Articles of Incorporation with the Mississippi Secretary of State. Filing can typically be completed online or by mail. Once the filing is accepted, your corporation is officially formed. Additional steps may be required after filing to keep your corporation compliant and operational – read more in our blog on how to start a corporation.
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