Business Formation Services
Starting a business involves important legal decisions from day one. At Brandon W. Frazier, Attorney at Law, PLLC, we help entrepreneurs and business owners in McComb and throughout Mississippi choose the right business structure and establish a solid legal foundation for their ventures.
Limited Liability Companies (LLCs)
The LLC is the most popular business structure in Mississippi for good reason. It combines the liability protection of a corporation with the tax flexibility and simplicity of a partnership. We handle the full formation process, including preparation and filing of the Certificate of Formation with the Mississippi Secretary of State, drafting of a comprehensive operating agreement that addresses member rights, management structure, profit distribution, and dissolution procedures.
Corporations
For businesses that plan to seek outside investment, issue stock, or operate with a formal board structure, a corporation may be the right choice. We prepare Articles of Incorporation, corporate bylaws, initial resolutions, and stock certificates. We also advise on S-Corp election where appropriate for tax purposes.
Partnerships
Whether you are entering a general partnership, limited partnership, or limited liability partnership, a well-drafted partnership agreement is essential to define each partner’s rights, responsibilities, capital contributions, and exit procedures. A clear agreement drafted at the outset can prevent costly disputes down the road.
Business Succession Planning
Every business owner should have a plan for what happens when they are ready to step away, whether through retirement, sale, or transfer to the next generation. We work with business owners to develop succession plans that protect the value they have built and provide for an orderly transition.
Ongoing Business Counsel
Beyond formation, we provide ongoing general counsel services to businesses throughout Mississippi. From contract review and commercial lease negotiation to regulatory compliance questions, we are available to address the legal issues that arise in the day-to-day operation of your business.
Contact our office at 601.684.1125 to discuss your business formation or business law needs.
Brandon W. Frazier, Attorney at Law, PLLC | 346 Scott Drive, McComb, Mississippi 39648
Frequently Asked Questions
How do I form an LLC in Mississippi?
An LLC is created by filing a Certificate of Formation with the Mississippi Secretary of State and designating a registered agent. But the filing is the easy part — the document that actually protects you is the operating agreement, which governs ownership, management, distributions, and what happens when a member leaves, divorces, or dies. We handle both.
How much does it cost to start an LLC in Mississippi?
The Mississippi Secretary of State charges a filing fee for the Certificate of Formation, and Mississippi LLCs must file an annual report to remain in good standing. Legal fees vary with the complexity of the ownership structure and the agreements involved. Contact our office to discuss your formation.
Should I choose an LLC or a corporation?
For most small businesses in Mississippi, the LLC wins: liability protection with less formality and flexible taxation. A corporation makes sense when you plan to raise outside investment, issue stock, or operate with a formal board. Some LLCs also benefit from an S-Corp tax election once income supports it — a question worth running past both your attorney and your accountant.
Do I really need an operating agreement if I’m the only member?
Yes. A single-member LLC without an operating agreement is easier for a creditor to attack as an alter ego of its owner, and banks, lenders, and title companies routinely ask for it. It also controls what happens to the business if you become incapacitated or die.
Can’t I just use an online formation service?
Online services file the same state form we do — and stop there. What they do not do is advise you on entity choice, draft an operating agreement fitted to your situation, structure multi-member ownership, or answer the questions that come after filing. Cleaning up a formation done wrong usually costs more than doing it right the first time.