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To revive or reinstate your Mississippi LLC, you'll need to submit the following to the Mississippi SOS: a completed Mississippi Application for Reinstatement Following Administrative Dissolution. a tax clearance letter from the Mississippi Department of Revenue. a $50 filing fee.
How to set up a sole proprietorship in Mississippi Choose your business name. Mississippi law allows you to operate a sole proprietorship under a name other than your own. ... File a trade name. ... Obtain licenses, permits, and zoning clearance if needed. ... Obtain an Employer Identification Number (EIN)
Sole Proprietorships: Because a sole proprietorship is not incorporated, it requires no filing with the Secretary of State. The individual owner is personally responsible for the debts and obligations of the business. Earnings are generally taxed as personal income for the owner.
In the case of a sole proprietorship, you declare your profit and loss on Schedule C of Form 1040. But, to file Schedule C, you'll have to qualify first. The conditions to qualify are: Your goal is to engage in business activity for income and profit.
7 Steps to Start a Sole Proprietorship Decide on a Business Name. ... Register Your Business DBA Name. ... Buy and Register a Domain Name. ... Apply For An EIN. ... Obtain Business License and Permits. ... Get Business Insurance. ... Open a Business Bank Account.
You may not have to register your business with the state. Good news for sole proprietors ? you may not need to register your business with the state. That's because the Mississippi Secretary of State generally only requires business owners who run limited partnerships, LLCs, and corporations to complete this step.
You don't have to file a document to ?form? your Sole Proprietorship with the state. However, there are a few things you may need to (or want to) do in order to operate legally. For example, your business may need a license or permit to operate. And it's best practice to open a separate business bank account.
Sole Proprietorships: Because a sole proprietorship is not incorporated, it requires no filing with the Secretary of State. The individual owner is personally responsible for the debts and obligations of the business. Earnings are generally taxed as personal income for the owner.