The Cost of Registering a Business Name in Tennessee

One of the initial stages in launching a business in Tennessee is to register your company name. It’s crucial to register a business name since doing so can help you safeguard your reputation and stop others from using the same name. But how much does it cost in Tennessee to register a business name? Let’s look more closely.

The Secretary of State’s office in Tennessee is where you go to register a business name. The state charges $20 to register a business name. This non-refundable cost is for a single name. There is a $20 fee for each additional name that needs to be registered. Do You Need a Tennessee DBA Registration?

In Tennessee, you must file a DBA (Doing Business As) with the county where your business is located if you intend to conduct your business under a name other than your legal name. For sole proprietorships and partnerships, this is necessary. Depending on the county, a DBA can be filed for anywhere between $20 and $50. How Much Does it Cost in Tennessee to Form an LLC?

The fee to file Articles of Organization with the Secretary of State if you want to establish a Limited Liability Company (LLC) in Tennessee is $300. This charge must be paid at the time of filing and is not refundable. Additional costs could apply for expedited processing or modification filing. If I Have an LLC, Do I Need a Business License? The criteria for obtaining a business license in Tennessee differ by city and county. While other towns and counties only require a license for specific kinds of businesses, some require one for all firms. Depending on where your firm is located, you could even require a business license if you have an LLC. Which is preferable, a sole proprietorship or an LLC?

Depending on the particular requirements of your firm, you must decide whether to set up an LLC or run a sole proprietorship. Even while establishing a sole proprietorship is less complicated and expensive, it does not offer the same level of liability protection as an LLC. Your personal assets are typically shielded from corporate liability when you form an LLC. However, creating an LLC can cost more and involve more paperwork.

To sum up, registering a business name in Tennessee costs $20, whereas forming an LLC costs $300. If they want to conduct business under a different name, sole proprietors and partnerships must register a DBA; the fee varies by county. Additionally, each city and county has its own regulations for company licenses. When choosing between an LLC and a sole proprietorship, take into account the amount of liability protection you require as well as the expense and paperwork needed to establish an LLC.