Other filings required at time of incorporation
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the LLC formation in a local newspaper or an initial report filing. Tennessee requires the following:
- County filing.
If the LLC’s principal office is in Tennessee, a copy of the Articles of Organization must be filed with that county’s government. If the principal office is not in Tennessee, no county filing is required.
Professional services businesses
Tennessee allows professionals, such as accountants, attorneys and physicians, to form a
professional limited liability company (PLLC).
After
forming a limited liability company (LLC)
, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability an LLC provides its owner(s). This guide outlines the ongoing requirements for Tennessee LLCs.
LLC taxes and fees
The following are taxation requirements and ongoing fees for Tennessee LLCs:
- Annual report and franchise tax.
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 franchise tax is due the 15th day of the fourth month following the close of your fiscal year. It is calculated based on the LLC’s net worth or real and tangible property in Tennessee. The minimum tax is $100.
- Taxes.
For additional details on state taxes for Tennessee LLCs, visit
Business Owner's Toolkit
or the
State of Tennessee
.
- Federal tax identification number (EIN).
An
EIN
is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number.
Tennessee requires a state tax identification number.
Business licenses
Business licenses and/or permits are required for most businesses. The BizFilings
Business License Application Package
can help you stay on top of these requirements.
Additional Tennessee information
View the following additional resources BizFilings has for forming and maintaining companies in Tennessee:
