The Mississippi Customer Filing Guide — Executive Summary is a document that provides a comprehensive overview of filing requirements for businesses in the state of Mississippi. It serves as a quick reference guide for business owners and other stakeholders in order to better understand the filing requirements for various business taxes, as well as the processes and forms associated with them. The guide is broken down into several sections, including: Corporate Income Tax, Franchise Tax, Sales and Use Tax, Withholding Tax, Excise Tax, and Miscellaneous Taxes. The guide also includes information on filing dates, filing locations, and contact information for the Mississippi Department of Revenue. There are two versions of the Mississippi Customer Filing Guide — Executive Summary; one for individuals/sole proprietors and one for corporations.
Mississippi Customer Filing Guide - Executive Summary
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FAQ
The UCC filing establishes a lien against the collateral the borrower uses to secure the loan ? giving the lender the right to claim that collateral as repayment in the case of default. However, in many cases, the terms UCC lien and UCC filing are used interchangeably.
A UCC financing statement ? also called a UCC-1 financing statement or a UCC-1 filing ? is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.
UCC forms are standardized to reflect the use of the Uniform Commercial Code across all 50 states. Consequently, forms used in Mississippi should be nearly identical to those used in every other state.
The financial statement serves a similar purpose as recording a deed for real property: registering debt with a state so other creditors and the government can track legitimate security interests in property.
In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
