The cost to form an LLC for a Jackson business starts with the $50 Mississippi filing fee. Add annual fees, a registered agent, and local Jackson business taxes below.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Mississippi charges a $50 filing fee to form an LLC, with no annual report fee (a franchise/margin tax filing may apply). Mississippi exempts the first $10,000 of taxable income and applies a flat 4.7% rate above that threshold. The state has been phasing out its income tax on lower brackets.
| Cost Item | Amount | When Due |
|---|---|---|
| Mississippi Filing Fee | $50 | One-time at formation |
| State franchise / margin tax | Only above revenue threshold | Annually |
| Registered Agent Service | $49 to $300/year | Annually |
| Local Jackson Business License / Tax | Varies by industry | Annually |
| Operating Agreement | $0 to $500 | One-time (recommended) |
| EIN (Federal Tax ID) | Free | One-time (IRS.gov) |
Mississippi does not levy a local business income tax. Jackson requires a sales tax registration for businesses that sell goods, and Mississippi charges no LLC annual report fee. Mississippi's 7% base sales tax is one of the highest in the nation. Budget for sales tax collection on top of the state LLC filing fee.
Jackson is the capital and largest city in Mississippi, anchored by state government, the University of Mississippi Medical Center, healthcare, and a regional role in finance, telecommunications, and distribution.
| Local Metric | Jackson (2026 estimate) |
|---|---|
| Metro population | 145,000 |
| County / jurisdiction | Hinds County |
| Cost of living index (US avg = 100) | 79 |
| MIT living wage, single adult | $18.00/hour |
| MIT living wage, one earner supporting a family of four | $37.50/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $950/month |
| Average rent, 2-bedroom | $1,150/month |
| Median home price | $150,000 |
| Median household income | $40,000/year |
| Combined sales tax rate | 8% |
| Effective property tax rate | 0.8% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
The LLC filing fee is set by Mississippi at $50, since LLCs are formed at the state level. You also need a registered agent (about $49 to $300/year), and any local Jackson business license or tax. Mississippi does not levy a local business income tax. Jackson requires a sales tax registration for businesses that sell goods, and Mississippi charges no LLC annual report fee. Mississippi's 7% base sales tax is one of the highest in the nation. Budget for sales tax collection on top of the state LLC filing fee.
Mississippi does not levy a local business income tax. Jackson requires a sales tax registration for businesses that sell goods, and Mississippi charges no LLC annual report fee. Mississippi's 7% base sales tax is one of the highest in the nation. Budget for sales tax collection on top of the state LLC filing fee.
Plan for the state franchise/margin tax if applicable, registered agent renewal (about $49/year), and any local Jackson business license or tax. The calculator above totals these for you.
LLCs are registered with the Mississippi Department of Revenue at the state level, not the city. You then comply with local Jackson requirements such as a business license, zoning, and any city business tax. There is no separate city-level LLC filing.
If your business actually operates in Jackson, forming in Mississippi is usually simplest. Forming in Delaware or Wyoming while operating in Jackson typically forces you to register as a foreign LLC in Mississippi anyway, paying fees in both states.