Define Fillable Fields In Legal Tennessee Incorporation Forms For Free

Tennessee requires LLCs to file an annual report and pay a franchise tax. The annual report is due on or before the first day of the fourth month following the close of the LLC's fiscal year. The filing fee is $50 per member, with a minimum fee of $300 and a maximum fee of $3000.

To officially start your LLC in Tennessee, you must file Articles of Organization with the Tennessee Secretary of State, Business Services Division. It costs a minimum of $300 (for LLCs with six members or fewer). After that, it costs $50 for each additional member.

Tennessee-Specific Considerations Just like C corporations, S corporations must pay a 6.5% excise tax in addition to a franchise tax, which is equal to the greater of $0.25 for each $100 of net worth or actual value of tangible property, but no less than $100. However, Tennessee has no personal income tax.

File Articles of Organization The articles must include: the LLC's name. a name consent if the LLC's name is similar to an existing name in Tennessee. an additional designation for the LLC's name--applicable to certain types of LLCs, such as professional LLCs, series LLC, banks, and others.

File Tennessee Articles of Incorporation Agency:Tennessee Secretary of State - Division of Business ServicesInstructions:Tennessee Smart Start GuideFiling Method:Mail, in-person, or onlineAgency Fee:$100Turnaround:~4 business days by mail. ~2 days online. Immediately in-person.3 more rows

To start a corporation in Tennessee, you must file a For-Profit Corporation Charter with the Secretary of State. You can file the document online, by mail or in person. The For-Profit Corporation Charter costs $102.35 to file online. Once filed with the state, this document formally creates your Tennessee corporation.