If you have decided that you would like to form an LLC in Mississippi, you're on your way to becoming an active business owner. You'll need to register your new LLC with the secretary of state. Once registered, you can select a unique business name, register an agent to conduct your business, and complete other necessary forms. It's a very straightforward process, and most of all, a very exciting time! It can feel overwhelming, however, if you don't have any guidance.
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First, when you decide to file online for your LLC in Mississippi, make sure that you are doing so through the correct website. There are several websites that may suggest that they can help you file, but in reality, they end up being scammed. There are a few that even offer a free assessment of your businesses structure. While this is nice, if you have never done this before it is not necessary.
After determining which state's official filing site you wish to file through, the next step in the process is to determine what type of LLC you want to create. For example, there are two basic types of LLCs: Limited Liability Company or LLC, and Corporation. Both allow you to manage your business affairs as an individual, although with an LLC you maintain some or all of your day-to-day decisions as the "sole proprietor". A "Corp" has characteristics of both an LLC and a corporation and allows you to manage your business affairs as a company. In order to decide whether your filing is acceptable, you need to visit either your local office of the secretary of state, or consult the internet to see what types of filings are available in your area.
How To Form An LLC In Mississippi
Once you have determined which type of Mississippi Certificate of Registration you will file for, you can move on to the next step in the process: How to open a business bank account. Most people start off with an individual bank account. However, when you form an LLC in Mississippi, opening a business bank account can be difficult. Because of the particular requirements involved with forming an LLC in Mississippi, opening a separate bank account can be difficult and time consuming.
Instead of having to go through all of the red tape to file for an individual account, look into the option of using a "non-residential service". This will save you a lot of time and allow you to file online in most counties across the state. If you already have a state issued Business Identification number, most banks in Mississippi also issue Business Credit Cards. If you do not, you can look into getting one from a non-profit group that provides this type of credit to businesses in the state. Once you have an account open, make sure to follow all of the necessary procedures associated with certificate formation and keep it updated regularly.
Next, you will need to get your business licenses. Again, because of the specific rules governing how to open a business in the state of Mississippi, you will need to secure liability protection and annual report and financial statements from your doctor. If you plan on taking out insurance policies for your company, Mississippi department of revenue agents can help you obtain those policies. As long as the doctor is a registered physician in the state of Mississippi, you should be fine.
Your next step is to set up your electronic billing system. The system that you end up choosing should allow your doctor's office to submit electronically your claims for payment. Medical offices can submit claims to the state's Office of the Secretary of Health, which holds the data on all filing from doctors' offices. If your medical practice files claim electronically, you will also need an individual Identification Number or EIN, which is a nine digit number that is printed on your medical records. This EIN is required by the federal government and most private health insurance plans to prove that you are who you say you are legally permitted to practice medicine in the state.
Once you are done filling out your medical forms, log on to the file management system of your electronic billing software and submit the completed forms. The system should automatically process your payment and then submit your payment to the appropriate agency. You will need to ensure that all submitted items are received by the applicable jurisdiction within a timely fashion. In case there are any late payments, contact your designated agent and he or she should give you instructions on how to correct the payment to the required parties.
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