A Mississippi certificate of good standing (MS) is a legal document that verifies that your limited liability company (LLC) or corporation was correctly formed and is in good standing with the state.
This Certificate of Good Standing Mississippi guide will explain how to get a certificate of good standing in Mississippi and the requirements to get a good standing certificate.
What is a Certificate of Good Standing?
The certificate- of good standing, aka “certificate of existence,” confirms that a company is up-to-date with its filings and has no legal issues preventing it from conducting business.
This state document verifies that you have legally formed your LLC or corporation and that your company is properly maintained.
Requirements for Getting a Mississippi Certificate of Good Standing
In Mississippi, the certificate of good standing is known as a certificate of compliance issued by the Mississippi Secretary of State. To qualify for a Mississippi certificate of compliance, make sure your corporation or LLC is up-to-date with the following state compliance requirements.
Obtain Business Licenses & Permits
Follow federal, state, and local licensing guidelines to operate your business in Mississippi in a state-compliant manner. Some examples include health permits, building permits, medical and other professional licenses, etc.
To find more about state licensing requirements, visit the Mississippi Business Services website.
Pay State Taxes
Different businesses are subjected to different taxes such as Mississippi Unemployment Insurance (UI) tax, withholding tax, sales tax, etc. Depending on your business activity, you must register for various forms of Mississippi state tax.
Timely Submit Annual Reports
All Mississippi corporations and LLCs must file an annual report that summarizes their business’s finances over the past year.
The Mississippi Secretary of State requires your business to submit an annual report. The Mississippi LLC annual report filing fee is $0 and for corporations is $25.
How Do I Get a Certificate of Good Standing in Mississippi?
Once your business is up-to-date with all filings and compliance requirements, you can order your certificate of Good Standing from the state authority.
The Mississippi certificate of compliance is requested from the Mississippi Secretary of State. To order your certificate of compliance online from the Mississippi Secretary of State, click the following link.
The filing Cost for the Mississippi Certificate of Compliance is $14.
Why Do I Need a Certificate of Good Standing in Mississippi?
While you don’t necessarily need a certificate of compliance to run your LLC or corporation in Mississippi, there are several instances where you may need to get one. These include:
- Opening a business bank account
- Applying for a business loan or line of credit from a bank
- Purchasing business insurance
- Trying to lease commercial space
- Soliciting funds from potential investors
- You want to register your LLC or other business in another state as a foreign or out-of-state LLC
- You want to Transfer or domesticate your business to another state
- You’re selling your business, and the buyer wants proof that the company is in good legal standing
- You are contracting with another company
- You need to show compliance with government regulations in any other situation
FAQs on Mississippi Certificate of Good Standing
Aisha Noreen is an owner of a small business with more than 9 years of experience in the marketing industry. With the wisdom of an old soul, she always seeks innovation and mind-blowing ROI techniques. Her unique approach helped many small businesses thrive and she can surprise you in many ways as well. Believe it or not, her energy, passion, and creativity are contagious enough to transform your business and take it to another level.
