Mississippi Corporation

For Mississippi Corporation prices and State fees, please visit the costs page for forming a Corporation in Mississippi.

Mississippi corporation has an advantage over other business structures through a wider variety of fringe benefit plans. Owners of a corporation are not taxed on some benefits, such as group life, medical plans and reimbursed medical expenses, not to mention stock option, retirement and employee stock plans. corporation owners can also use corporations to increase tax flexibility and lower income brackets. Please consult your financial advisor on how this may apply to you.

Mississippi corporation must observe some operating formalities and maintain its separate legal status. Holding shareholder meetings, at least annually, is one of these formalities. At these meetings the corporation shareholders discuss and decide on critical business matters and approve actions taken by the corporation for the operating period. These meetings should be recorded in the form of meeting minutes, this is a legal record that shows the shareholders are approving actions and the officers are indemnified by the stockholder approval of the business actions.

A corporation’s Articles of Incorporation are the documents filed with the state office that brings the company into legal existence. Once the documents are filed the corporation is a legal entity. However, there are additional elements required so that the legal entity that has been created provides the protection and tax savings offered by corporate law. Depending on the nature of your corporation, the documentation requirements could be relatively simple or very complicated. Each state has its own requirements regarding the contents of the articles of incorporation. Please contact one of Companies, Inc.’s helpful associates to determine what the filing requirements are for your potential corporation in your chosen state of incorporation.