The Tennessee Certificate of Formation for a Limited Liability Company (LLC) is a crucial legal document that establishes the formation of an LLC in the state of Tennessee. This certificate serves as evidence that the LLC has been properly created and recognized under Tennessee law. It is filed with the Secretary of State's Office to register and formalize the existence of the LLC. The Tennessee Certificate of Formation for LCS contains essential information about the company, its members, and its operations. The following are some relevant keywords that are often associated with this document: 1. Limited Liability Company (LLC): An organizational structure that combines the limited liability protection of a corporation and the flexible management and tax advantages of a partnership. 2. Certificate of Formation: Also known as Articles of Organization in some states, this document is required when forming an LLC and includes vital information about the company. 3. Tennessee Secretary of State: The governmental agency responsible for overseeing business entities and maintaining business records in the state of Tennessee. 4. Registered Agent: A designated individual or entity responsible for receiving legal notices and service of process on behalf of the LLC. The registered agent must have a physical address in Tennessee. 5. Business Entity Type: The LLC must specify its business structure, such as a domestic (Tennessee) LLC or a foreign (out-of-state) LLC seeking to operate in Tennessee. 6. LLC Name: The certificate must include the chosen name of the LLC, ensuring it meets Tennessee's naming requirements and is distinguishable from other business entities. 7. Principal Office Address: The physical location of the LLC's principal place of business or headquarters. 8. Effective Date: The LLC can opt to state a specific effective date for the formation of the company. If no date is provided, the filing date will be considered the effective date. 9. Management Type: The certificate should specify whether the LLC will be member-managed, where all members have authority, or manager-managed, where designated managers have operational control. 10. Purpose of LLC: This section declares the nature of the business activities or purposes for which the LLC is formed, often described broadly to allow flexibility. It is worth noting that the Tennessee Secretary of State may offer different types of certificate filings, such as expedited filings or amendments, to accommodate specific business needs. Additionally, Tennessee has specific guidelines and requirements for professional LCS, series LCS, and foreign LCS seeking to register or conduct business within the state.
Tennessee Certificate of Formation for Limited Liability Company LLC
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How to fill out Tennessee Certificate Of Formation For Limited Liability Company LLC?
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A Certificate of Authority shows that you are authorized to do business in a state other than your original formation state. A Certificate of Authority is a requirement in most states. It's important to note that the name of the document can vary from state to state.
Businesses that are incorporated in another state will typically apply for a Tennessee certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity. Operating without a certificate of authority may result in penalties or fines.
It costs $300 to form an LLC in Tennessee. This is a fee paid for the Articles of Organization. You'll file this form with the Tennessee Secretary of State. And once approved, your LLC will go into existence.
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.
The Benefits of a Certificate of Authority Being able to grow your company without having to incorporate as a new business. Being able to collect taxes on goods and services. Taking advantage of favorable tax breaks in specific states. Avoiding fines by conducting business "unlawfully" in another state.
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.
Tennessee LLC Processing Times Normal LLC processing time:Expedited LLC:Tennessee LLC by mail:3-5 business days (plus mail time)Not availableTennessee LLC online:immediatelyNot available
Tennessee requires an initial LLC filing fee of $300. This fee grants you the privilege of officially establishing your limited liability company. Additionally, Tennessee mandates an annual report filing, accompanied by a $50 fee. This recurring expense ensures your LLC stays compliant with state regulations.
