Mississippi :: Business Reform Study Groups

Mississippi State Capitol

Each summer, the Mississippi Secretary of State’s office holds a series of Business Reform Study Groups to develop laws, rules and regulations that will help improve Mississippi’s business laws while supporting economic development and job creation within the state. The study groups are composed of business professionals, attorneys, CPAs, state legislators and other community leaders from across the state, all of whom are selected by the Secretary of State’s office. The selected individuals employ their areas of expertise in order to research and analyze issues, as well as to make recommendations, develop legislative proposals and work with lawmakers to pass the legislation. Since 2008, more than 20 of proposals developed by such study groups have been enacted into law.

This summer, they are hosting the following study groups:

  • Business Organizations: The Business Organizations Study Group is reviewing potential amendments to Mississippi’s laws governing corporations, professional associations, LLCs, PLLCs, investment trusts, and other business organizations. This group is also reviewing a proposal to allow a business to change its entity form (known as conversion) or location (known as domestication) without the burdensome steps currently required.
  • Revenue Fairness: The Revenue Fairness Study Group is considering the impact of potential state and federal legislation regarding the collection of taxes on internet transactions. The group is studying an existing internet sales tax in Mississippi and preparing a response plan in the event Congress passes the Marketplace Fairness Act.
  • Trusts: The Trust Law Reform Study Group was formed in 2013 to modernize Mississippi’s trusts and estate administration laws.  The study group is reviewing the Uniform Trust Code, decanting trusts, and other trusts provisions, as well as the Uniform Power of Attorney Act.

If you have any questions, comments, topic suggestions or other ideas for the study groups, email them to Drew Snyder, Assistant Secretary of State for Policy and Research, at Drew.Snyder@sos.ms.gov. Find additional information regarding the study groups here.

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