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While both words are concerned with the end of a business partnership, dissolution refers to the process itself, and usually to the departure (or death) of one or more individuals from the entity, while termination refers to the cessation of all operations, including the disposal of all assets.

Reinstatement requirements: Submit proof that the criminal offense has been satisfied. Apply for a restricted license - Contact the court for application. Surrender Tennessee Driver License. Reinstatement fees: $65 Reinstatement fee, $75 Failure to Surrender License Fee (if applicable).

What You Can Do Here File an Application for Reinstatement for a business and pay the fee online. The filing fee is $70. ... Print and Mail the Application for Reinstement. Information will be collected through the online tool, and then printed on the correct form to be mailed to the Secretary of State with payment.

The first step in terminating a Tennessee LLC is to file Form SS-4246, Notice of Dissolution (Limited Liability Company) with the Department of State, Division of Business Services (DBS). After you file notice of dissolution and wind up your business, you will have to file the appropriate Articles of Termination.

Businesses holding minimal activity licenses should contact the county clerk and city recorder's office to advise them that the business is no longer operational. If the business is sold to another entity, purchase money should be withheld to cover any taxes, interest, and penalties that the business may owe.

Paper submission: A blank Statement of Dissolution of Limited Partnership may be obtained by going to sos.tn.gov and entering SS-9418 in the search bar; by emailing the Secretary of State at TNSOS.CORPINFO@tn.gov, or by calling 615-741-2286.

Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.

To obtain a certificate of tax clearance, a business must file all returns to date and make all required payments. This includes filing a final franchise & excise tax return through the date of liquidation or the date the taxpayer ceased operations in Tennessee.