Mississippi is one of the cheaper states to form and keep a US LLC in, with a $50 filing fee and no separate annual report fee. This guide walks through what it costs in year one, what you pay after that, and how the process works if you form through PowerLaunch.
Who Mississippi suits
Mississippi works well if you want a simple, low-cost LLC and you are not chasing US investors. It suits founders running an online service, a small e-commerce store, a freelance or consulting business, or a holding entity for a non-US operating business. It is a fine choice if your main goal is a US bank account, a US business address, and a clean entity for invoicing clients.
It is a weaker choice if you plan to raise venture funding, since investors expect a Delaware C-corp. It is also less useful if privacy of ownership is your top priority, since some other states offer stronger anonymity protections. If neither of those applies to you, Mississippi is a reasonable, low-fee option.
What it costs in year one
You pay your PowerLaunch plan price plus the Mississippi state filing fee of $50, charged at cost with no markup.
| Plan | Plan price | State fee | Year one total |
|---|---|---|---|
| Launch | $295 | $50 | $345 |
| Run | $1,995 | $50 | $2,045 |
| Scale | $2,995/yr or $329/mo | $50 | $3,045/yr or $329/mo + $50 |
If you need your EIN faster, the expedited EIN add-on is $295 on Launch and Run, and it is already included in Scale.
What it costs after year one
Mississippi does not charge a separate fee for its annual report, so your ongoing state cost is $0 in most cases. You still renew your PowerLaunch plan each year to keep your registered agent, mailing address, and, on Run or Scale, your tax filing and bookkeeping support active. This means your year two cost is close to your plan price alone, with no extra state filing fee added on top, though you should check the Mississippi Secretary of State's site each year in case the fee schedule changes.
Registered agent requirement
Mississippi law requires every LLC to keep a registered agent with a physical address in the state. This agent receives legal and state notices on your behalf. All three PowerLaunch plans include a Mississippi registered agent and a virtual mailing and business address, so you do not need a personal presence in the state.
Annual report
Mississippi requires an annual report to keep your LLC in good standing. The filing fee is currently $0, but the report itself is still required and missing it can put your LLC out of good standing. On the Run and Scale plans, PowerLaunch files this annual report for you. On Launch, you file it yourself through the state's online portal. Deadlines can shift, so always check the Secretary of State's site for the current due date rather than relying on a fixed date from memory.
State income tax, in general terms
Mississippi does tax income earned within the state. By default, a single-member LLC is a disregarded entity for federal purposes, so profits pass through to you and are reported on your personal filings rather than taxed at the entity level. Whether Mississippi itself taxes any of your income depends on where your business actually operates and where the income is sourced, not just where the LLC is registered. Many non-US founders running a business entirely outside Mississippi owe little or no Mississippi income tax, but this is not automatic, and it can depend on your specific setup. Check the Mississippi Department of Revenue's site or talk to a licensed tax professional to confirm your position, and remember that a Run or Scale plan includes a consultation with a licensed tax professional as part of the plan.
Separately from the state, if you are a non-US owner of a single-member LLC, the federal government requires Form 5472 with a pro forma 1120 by 15 April each year, regardless of which state you form in. Under the current 2026 interim FinCEN rule, US-formed companies are exempt from BOI reporting, but rules like this can change, so check the current guidance before you rely on it.
When Wyoming or Delaware is the better choice
| Situation | Better fit |
|---|---|
| Raising venture capital or issuing investor stock | Delaware C-corp |
| Want no state income tax and low ongoing state fees | Wyoming |
| Want maximum ownership privacy | Wyoming |
| Simple service or e-commerce business, low budget, no investors | Mississippi works fine |
| Building a brand that needs investor-familiar paperwork | Delaware |
If you are not sure which of these applies to you, the free consultation is a good place to talk it through before you file anything.
Step by step through PowerLaunch
- Pick your plan, Launch, Run, or Scale, and complete checkout at powerlaunch.solutions/signup.
- Submit your founder details and business name choices through the onboarding form.
- PowerLaunch files your Mississippi LLC formation, typically processed in about a week, and applies for your EIN, which usually takes 2 to 4 weeks for non-resident owners without an SSN, or faster with the expedited EIN add-on.
- You receive your formation documents, EIN confirmation, operating agreement, and registered agent details through MyCG.AI.
- PowerLaunch introduces you to banking partners such as Mercury
