Mississippi lesson 6 of 6
Bank accounts and the annual report
Mississippi's ongoing filing is the annual report, due every year to the Secretary of State. Unlike most of a Mississippi LLC's other filings, a domestic LLC's annual report carries no state filing fee, but it is not optional and it must be filed online.
Keep business and personal funds separate
Before your first annual report comes due, make sure business income and expenses run through a dedicated business bank account rather than a personal one. Courts weighing whether to pierce an LLC's liability shield look closely at whether the owner actually treated the LLC as a separate entity, and a mixed account is one of the clearest signs that it was not.
What is due and when
Every domestic Mississippi LLC must file an annual report with the Secretary of State each year, and the filing has no state fee. A foreign LLC registered to do business in Mississippi files the same annual report but pays $250. The deadline is April 15 every year, and the report is filed exclusively online through the Secretary of State's business filing system, confirming or updating the registered agent, registered office and other basic entity information.
If you miss it
Mississippi Code § 79-29-215 sets out the annual report requirement, and failing to file it is a ground for the Secretary of State to administratively dissolve the LLC. An administratively dissolved LLC loses its good standing and the protection of its registered name, and reinstatement requires filing the outstanding report, paying any reinstatement fee, and getting the LLC's status restored before it can transact business as an LLC in good standing again.
Because the annual report has no fee, it is easy to assume it is low priority. Treat the April 15 deadline the same as any filing that carries a cost, since missing it risks dissolution rather than just a late fee.
Key takeaways
- A domestic LLC's annual report has no state filing fee, but it is still mandatory every year by April 15.
- The annual report is filed exclusively online with the Secretary of State.
- Missing the deadline is a ground for administrative dissolution, not just a late penalty.
Frequently asked questions
Does the Mississippi LLC annual report cost anything?
No fee for a domestic Mississippi LLC. A foreign LLC registered to do business in Mississippi pays $250 for the same annual report.
What happens if my Mississippi LLC misses the April 15 annual report deadline?
The Secretary of State can administratively dissolve the LLC for failing to file. Reinstatement requires filing the outstanding report and any reinstatement fee before the LLC returns to good standing.
Official sources
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Everything above is yours to use for free. If you would rather hand it over, we prepare and file the Certificate of Formation, act as your registered agent, and track your ongoing deadlines.
Last reviewed: September 2026 - reviewed by Gullia Filing Legal & Formation Team