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No, it's not legally required in Mississippi under § 79-29-123. Single-member LLCs need an operating agreement to preserve their corporate veil and to prove ownership. And multi-member LLCs need one to help provide operating guidance, determine voting rights and contributions.
Contents Name your Mississippi LLC. Choose your registered agent. Prepare and file certificate of formation. Receive a certificate from the state. Create an operating agreement. Get an Employer Identification Number. Next steps.
Online filings: In total, online filing approvals for Mississippi LLCs take 1-2 business days. Since you can download your documents as soon as they're approved by the Mississippi Secretary of State, there is no extra transit time.
Mississippi LLC Approval Times Online filings: In total, online filing approvals for Mississippi LLCs take 1-2 business days. Since you can download your documents as soon as they're approved by the Mississippi Secretary of State, there is no extra transit time.
The operating agreement should include the following: Basic information about the business, such as official name, location, statement of purpose, and registered agent. Tax treatment preference. Member information. Management structure. Operating procedures. Liability statement. Additional provisions.
Mississippi LLC Formation Filing Fee: $50 To bring your Mississippi LLC into existence, you must pay $50 (plus a $4 credit card fee) to file your LLC Certificate of Formation. You must fill out your application online, via the Mississippi Business Services portal.
Starting an LLC in Mississippi will include the following steps: #1: Create an Account with the MS Secretary of State. #2: Choose a Name for Your LLC. #3: Choose a Registered Agent. #4: Fill Out and File a Certificate of Formation. #5: Draft an Operating Agreement. #6: Request a Federal Employee Identification Number.
The Certificate of Formation is the document, that once approved by the Secretary of State's office, creates your Mississippi LLC. (Mississippi Secretary of State, Business Services Building)