662-281-0720 Step 2: Plan Your Business. These cover areas such as: For regulatory licenses and permits issued by the state, check the section covering “Do I need a business license?” on the Mississippi Small Business Development Center FAQ page. See Choose and Register a Domain Name for more information. These cover people who work in various fields. If you will be selling goods in Mississippi, you must register to collect sales tax with the Mississippi Department of Revenue (DOR). When developing your brand, you should consider: Once you feel confident about your answers to these questions, it’s time to move onto your business name. Workshops and training programs are delivered throughout the area to address the needs of the entrepreneurial community. Regulatory licenses and permits. Our logo maker is free (no sign-ups or email address needed) and it comes in all social media sizes. STEP 4 - … Not sure what to name your business? You will need to register with the Mississippi SOS’s online filing system to get the name reservation application form. For LLCs and corporations, you will need to check that your name is distinguishable from the names of other business entities already on file with the Mississippi Secretary of State (SOS). Our recommended insurance provider can set you up with an insurance policy that is right for your business. The first step to starting a business in Mississippi is writing a business plan. Partnerships. Last but not least, try our Free Logo Generator to get a unique logo for your business. Learn how to obtain the necessary licenses and permits for your business, Use a professional service to help you obtain required licenses. You should also be aware of important mississippi taxes that may apply to your business: Sales Tax Pay state taxes on business income as part of their personal state income tax returns (Form 80-105). If you have employees, you must also deal with state employer taxes. Builds your company's credit history, which can be useful to raise capital (e.g., Setting up social media profiles (Facebook, Twitter, etc), Creating accounts on review sites (Yelp, Google Reviews, etc). Determine Your Tax Obligations. Look for an idea that suits your interests, your personal goals, and your natural abilities. Find a compliant business location. Here’s an overview of the key steps you’ll need to take to start your own business in Mississippi. Then, create a logo with our free Logo Maker. If you’re a solo-entrepreneur, setting up a virtual office can add credibility to your business by having a business address on Google search, protect your personal privacy, and provide you with a business phone line and a live receptionist to answer your calls. Separates your personal assets from your company's assets, which is necessary for personal asset protection. At a minimum, you should have good answers to the following questions. What may seem like a daunting task may be accomplished with relative ease, once you have chosen the type of business which best fits your needs. Without an EIN, you can't hire employees or open a business bank account. A website allows potential customers to find your business online and discover the products or services you offer, and it also enhances your business’s credibility. An EIN is used to identify a business in its federal tax filings. How much money will it take to get there, and where will you get the funding? Successful businesses are built through careful planning. Find out if your business is required to file a DBA. Your business name is the cornerstone of good branding and a successful business. It is important to consider all of the possibilities when choosing As a member of the incubator, you will also have access to consulting services related to all facets of business, entrepreneur development programs, and legal information. Sole proprietorships and partnerships in Mississippi have the option to file a Fictitious Business Name Registrationwith the Mississippi SOS if they use a business name that is different from the names of the business owner (for a sole proprietorship) or individual partners (for a partnership). In addition, unregistered business owners may need to file a Trade Name, also known as a "DBA." You’ll want to consider which business entity structure offers the type of liability protection you want and the best tax, financing, and financial benefits for you and your business. 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