Tennessee Small Business Startup Package for S-Corporation

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State:
Multi-State
Control #:
US-P107-PKG
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Description

The package is designed to assist an S corporation in running the corporation by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!


The documents in this package include the following:



Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.







2553-S Corp Election for Small Business - This form is used to be treated as a subchapter S corporation by the IRS.



General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.



Investor Stock Purchase Agreement - This is a form authorizing the sale of stock to investors in a company. Detailed provisions cover the representations and warranties of both parties, as well as the specifics of the transaction.



Amendment to Bylaws - This is an Amendment to the Bylaws form, to be used across the United States. This is to be used as a model, and should be modified to fit one's own personal needs.


Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.








Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.



Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.



Self-Employed Independent Contractor Employment Agreement General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.



Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.



Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.



Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.



Employment Position Announcement - This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.


Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.


Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.



Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request form, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate


Are you an entrepreneur in Tennessee looking to start your own small business? Look no further than the Tennessee Small Business Startup Package for S-Corporation! This comprehensive package is specifically designed to help you navigate the complex process of starting an S-Corporation in Tennessee, providing you with all the necessary tools and resources to set up your business successfully. The Tennessee Small Business Startup Package for S-Corporation includes a wide range of services and features that cater to the unique needs of small businesses. One key component of this package is assistance with the legal aspects of starting an S-Corporation. This includes help with the preparation and filing of all necessary documents, such as the Articles of Incorporation and the S-Corporation Election Form. Our team of experts will guide you through the entire process, ensuring that all legal requirements are met. Another essential aspect of the Tennessee Small Business Startup Package for S-Corporation is the provision of accounting and bookkeeping services. We understand that managing the financial aspects of your business can be challenging, especially for new entrepreneurs. That's why our package includes assistance in setting up a robust accounting system, ensuring that your financial records are up-to-date and accurate from day one. Our team of experienced accountants will also provide guidance on tax planning and compliance, helping you maximize your tax benefits as an S-Corporation. Additionally, our package prioritizes the establishment of a strong online presence for your small business. In today's digital age, having a professional website and effective online marketing strategies is crucial for success. Our experts will assist you in creating a visually appealing and user-friendly website that showcases your products or services. We will also guide you through the process of developing a digital marketing strategy that targets your desired audience, helping you drive traffic and generate leads. In terms of different types of Tennessee Small Business Startup Packages for S-Corporation, there are typically variations based on the size and specific needs of your business. Some packages may focus on providing additional support in areas such as obtaining necessary licenses and permits, conducting market research, or developing a business plan. Tailored packages are also available for specific industries, such as retail, hospitality, or healthcare. In conclusion, the Tennessee Small Business Startup Package for S-Corporation is an all-inclusive solution designed to assist entrepreneurs in Tennessee with starting their own small businesses as S-Corporations. Its comprehensive services cover legal compliance, accounting, online presence, and more. By availing yourself of this package, you can ensure a smooth and successful start to your small business journey.

Are you an entrepreneur in Tennessee looking to start your own small business? Look no further than the Tennessee Small Business Startup Package for S-Corporation! This comprehensive package is specifically designed to help you navigate the complex process of starting an S-Corporation in Tennessee, providing you with all the necessary tools and resources to set up your business successfully. The Tennessee Small Business Startup Package for S-Corporation includes a wide range of services and features that cater to the unique needs of small businesses. One key component of this package is assistance with the legal aspects of starting an S-Corporation. This includes help with the preparation and filing of all necessary documents, such as the Articles of Incorporation and the S-Corporation Election Form. Our team of experts will guide you through the entire process, ensuring that all legal requirements are met. Another essential aspect of the Tennessee Small Business Startup Package for S-Corporation is the provision of accounting and bookkeeping services. We understand that managing the financial aspects of your business can be challenging, especially for new entrepreneurs. That's why our package includes assistance in setting up a robust accounting system, ensuring that your financial records are up-to-date and accurate from day one. Our team of experienced accountants will also provide guidance on tax planning and compliance, helping you maximize your tax benefits as an S-Corporation. Additionally, our package prioritizes the establishment of a strong online presence for your small business. In today's digital age, having a professional website and effective online marketing strategies is crucial for success. Our experts will assist you in creating a visually appealing and user-friendly website that showcases your products or services. We will also guide you through the process of developing a digital marketing strategy that targets your desired audience, helping you drive traffic and generate leads. In terms of different types of Tennessee Small Business Startup Packages for S-Corporation, there are typically variations based on the size and specific needs of your business. Some packages may focus on providing additional support in areas such as obtaining necessary licenses and permits, conducting market research, or developing a business plan. Tailored packages are also available for specific industries, such as retail, hospitality, or healthcare. In conclusion, the Tennessee Small Business Startup Package for S-Corporation is an all-inclusive solution designed to assist entrepreneurs in Tennessee with starting their own small businesses as S-Corporations. Its comprehensive services cover legal compliance, accounting, online presence, and more. By availing yourself of this package, you can ensure a smooth and successful start to your small business journey.

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FAQ

The cost to start an S corp varies by state, based on filing fees and state taxes, but you can expect to pay between $800 to $3,000, excluding any lawyer's fees, should you choose to hire one.

How to Create an S Corporation in Tennessee Step 1: Choose a name for your Tennessee LLC. Name for your LLC. ... Step 2: Appoint a Tennessee registered agent. ... Step 3: File Tennessee Articles of Organization. ... Step 4: Create an operating agreement. ... Step 5: Apply for an EIN. ... Step 6: File the form to apply for S corp status.

It is not the corporation's responsibility to track a shareholder's stock and debt basis but rather it is the shareholder's responsibility. If a shareholder receives a non-dividend distribution from an S corporation, the distribution is tax-free to the extent it does not exceed the shareholder's stock basis.

In other words, in most states, S corporations are pass-through entities. Tennessee, however, is different: it does not recognize the federal S election, and instead treats S corporations like traditional corporations, including requiring them to pay the same taxes as traditional corporations.

Taxes Specific to S Corporations You must pay federal income tax on both your salary and any distributions you take from the business. Need someone to file your corporate taxes? Incfile provides a complete Business Tax Filing service.

An S corporation doesn't pay income taxes; the shareholders do have to share their loss or profit of their contribution to the corporation in their tax return like in a limited liability company. You have to file an IRS Form 2553 to start an S Corporation in Tennessee.

Personally, I think if your business is making more than $60,000 in profit every year, then you should look into forming an S corp. Keep in mind that we're talking about taxable income, not gross revenue. Your gross revenue is all the money you make from your products and services.

The annual tax for S corporations is the greater of 1.5% of the corporation's net income or $800.

As a start-up company in Tennessee, you will be able to enjoy several benefits in the form of tax credits, grants, loans, and Opportunity zone programs, assistance in Infrastructure and Facilities Improvement, and much more.

It comes with a $300 filing fee. Meanwhile, a corporation needs to file a For-Profit Corporation Charter that costs $102.35. Submit the documents to the Secretary of State. When forming a Tennessee business entity, you have to make sure that the name follows the state naming guidelines.

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This guide is designed to support the successful growth and expansion of small businesses and aspiring entrepreneurs. You can read it cover to cover or flip ... To do this, you have to submit the proper formal paperwork. If you choose an LLC, it will be an Articles of Organization form. It comes with a $300 filing fee.Register Your Business with the Secretary of State ... Any corporation, limited partnership, limited liability company or business trust chartered/organized in ... Sep 29, 2023 — Step 1: Register a Business Name in Tennessee · Step 2: Hire a Registered Agent · Step 3: File For Articles of Organization · Step 4: Creating an ... Oct 27, 2023 — Ready to launch a business in Tennessee? You'll need a name, a business plan, and the know-how to navigate Tennessee's filing and tax ... Dec 14, 2022 — File S-Corp Election Paperwork. If you meet IRS requirements, you can elect S-corp status by filing Form 2553, Election by a Small Business ... Jun 30, 2023 — Name Your Business; Choose a Registered Agent; File the Tennessee Articles of Organization; Create an Operating Agreement; File Form 2553 to ... Tennessee corporation formation requirements from BizFilings. Our Tennessee guide provides TN incorporation requirements for your business. Choose a corporate name · File your Articles of Incorporation · Appoint a registered agent · Start a corporate records book · Prepare corporate bylaws · Appoint ... Here's an overview of the key steps you'll need to take to start your own business in Tennessee. 1. Choose a Business Idea. Take time to explore and ...

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Tennessee Small Business Startup Package for S-Corporation