Fernway

Mississippi annual report: due date, fee, and late penalty

Mississippi LLCs and corporations each have a recurring state filing. LLC annual report: April 15, every year. Corporation annual report: April 15, every year.

FactLLCCorporation
FilingAnnual reportAnnual reportFranchise tax
DueApril 15, every yearAnnual report. April 15, every yearFranchise tax. April 15, every year
First oneFirst due April 15 of the year after formation.Annual report. First due April 15 of the year after incorporation.Franchise tax. Owed for each tax year the corporation is registered in Mississippi, beginning with its first accounting year, even if inactive.
Fee$0 - Mississippi charges domestic LLCs nothing to file it.Annual report. $25 for a domestic corporation.Franchise tax. At least $25 every year through tax year 2027, whatever the capital or income. Above $100,000 of Mississippi capital, a per-$1,000 rate applies that steps down each year until the tax ends.
If lateNo late fee; dissolution after 60 days late + 60 days to fileAnnual report. No late fee; dissolution if 60+ days past due, notice + 60 daysFranchise tax. Late filing and payment penalties up to 25% total, plus interest

How to file

LLC: annual report

File on Mississippi's site

Corporation: annual report

File on Mississippi's site

Corporation: franchise tax

File on Mississippi's site

If it is late

LLC. No monetary late fee. The state cannot start dissolving the LLC until the report is 60 days past due, and the LLC then has a further 60 days from the notice to file.

Corporation annual report. No late fee. A report 60 days past due becomes a ground for administrative dissolution; the state then serves notice and waits a further 60 days before dissolving.

Corporation franchise tax. Ordinary revenue-department late-filing and late-payment penalties accrue, up to 25% in aggregate, plus interest. Nonpayment does not dissolve the corporation - a separate agency administers the tax.

Read more

Never miss a Mississippi deadline

Fernway keeps every entity you own on one calendar and reminds you before each state deadline.

Get Started Free

Frequently asked questions

When is the Mississippi LLC annual report due?

April 15, every year. Due April 15 each year; the filing window opens January 1. Filing is online only. First due April 15 of the year after formation.

How much is the Mississippi LLC annual report?

$0 - Mississippi charges domestic LLCs nothing to file it.

What happens if the Mississippi LLC annual report is late?

No late fee; dissolution after 60 days late + 60 days to file. No monetary late fee. The state cannot start dissolving the LLC until the report is 60 days past due, and the LLC then has a further 60 days from the notice to file.

When is the Mississippi corporation annual report due?

April 15, every year. Due April 15 each year; the window opens January 1. Filing is online only. Nonprofit corporations file a separate report by May 15 at no charge. First due April 15 of the year after incorporation.

How much is the Mississippi corporation annual report?

$25 for a domestic corporation.

What happens if the Mississippi corporation annual report is late?

No late fee; dissolution if 60+ days past due, notice + 60 days. No late fee. A report 60 days past due becomes a ground for administrative dissolution; the state then serves notice and waits a further 60 days before dissolving.

When is the Mississippi corporation franchise tax due?

April 15, every year. Filed with the corporate income tax return, due the 15th day of the 4th month after the accounting year closes - April 15 for calendar-year corporations. The tax is being phased out and ends after tax year 2027. Nonprofits are exempt. Owed for each tax year the corporation is registered in Mississippi, beginning with its first accounting year, even if inactive.

How much is the Mississippi corporation franchise tax?

At least $25 every year through tax year 2027, whatever the capital or income. Above $100,000 of Mississippi capital, a per-$1,000 rate applies that steps down each year until the tax ends.

What happens if the Mississippi corporation franchise tax is late?

Late filing and payment penalties up to 25% total, plus interest. Ordinary revenue-department late-filing and late-payment penalties accrue, up to 25% in aggregate, plus interest. Nonpayment does not dissolve the corporation - a separate agency administers the tax.

Deadlines in other states