04-06-11

New Reporting Requirement: All LLCs must file reporting form by April 15th!

By Brenda T. Redfern

 


In the 2010 session, the Mississippi legislature substantially rewrote the laws regarding limited liability companies ("LLCs").  One requirement of particular importance is that all LLCs must file an annual report no later than April 15th each year.  The reporting requirement differs depending upon whether the entity is a Mississippi LLC or a non-Mississippi LLC which is qualified to do business in Mississippi.

Mississippi LLCs:

If the entity is a Mississippi LLC, the report may be filed online by going to the following web page: Click here .  After submission of the report online, there is no need to mail anything to the Mississippi Secretary of State and there is also no filing fee.

Non-Mississippi LLCs:

If the entity is one which was originally formed in another jurisdiction and then qualified to do business in Mississippi, you cannot file online.  In that case, go to LLC Annual Report and complete the information in the form online.  You then need to print out the form and mail it to the Mississippi Secretary of State, Business Services Division, P.O. Box 136, Jackson, MS 39205-0136with a check in the amount of $250.

Time is running out, so remember to file your report no later than April 15th!  And watch our blog or check with the Mississippi Secretary of State for additional updates regarding changes in the LLC Act and the impact it has on you!