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(a) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the secretary of state. (11) Transacting business in interstate commerce.
If the business is a Tennessee for-profit corporation, the corporation must list at least one officer. If the business is a Tennessee nonprofit corporation, a president and secretary or required.
Immediately in-person. Choose a Corporate Structure. Incorporating means starting a corporation. ... Check Name Availability. ... Appoint a Registered Agent. ... File Tennessee Articles of Incorporation. ... Establish Bylaws & Corporate Records. ... Appoint Initial Directors. ... Hold Organizational Meeting. ... Issue Stock Certificates.
Corporate bylaws are guidelines for the way you'll structure and run your corporation. Bylaws are required in most states. Even when they're not required, bylaws are useful because they avoid uncertainty and ensure you're complying with legal formalities.
Corporate bylaws are legally required in Tennessee. In most cases, the board of directors adopts bylaws at the first organizational meeting.
Senate Bill 405, also known as the Tennessee Homeowners Association Act, is a bill that legislators in Tennessee are still considering. When enacted, this bill will regulate the operations and management of homeowners associations in the state. However, as of now, no specific statute governs homeowners associations.
In line with the previous law, the Tennessee Revised Limited Liability Company Act declares that members, managers, or directors of LLCs are not responsible for the company's acts, whether in relation to tort or contract.
Yes. Directors, officers, and shareholders have a legal responsibility to abide by corporate bylaws. Infringing on your bylaws could lead to your corporation losing its limited liability status.