Due to its flexibility and tax advantages, incorporating an LLC is a popular alternative for entrepreneurs looking to launch a business in Tennessee. You may be interested in learning how much it will cost to form an LLC in Tennessee. The type of LLC, the filing procedure, and any additional costs all affect how much it will cost to form an LLC in Tennessee. In this post, we’ll explain how much it costs to create an LLC in Tennessee and provide answers to some related queries.
Let’s briefly go over the steps to establish a corporation in Tennessee before delving into the costs of incorporating an LLC there. You must submit Articles of Incorporation to the Tennessee Secretary of State in order to establish a corporation in Tennessee. There is a $100 filing fee for this. A registered agent must be chosen, rules must be adopted, and stock certificates must be issued. You must submit an annual report after your corporation is established and pay a $50 charge.
Creating many “series” under the same LLC is possible with a series LLC. Each series may have its own resources, cast, and commercial activities. Businesses that desire to keep their various divisions or assets distinct can benefit from using this. A series LLC can be created in Tennessee by submitting Articles of Organization to the Secretary of State. There is a $300 filing cost for this as well as an additional $50 fee for each series that is created.
Obtaining a copy of your certificate of incorporation may be necessary for legal or financial reasons if you’ve already established an LLC or corporation in Tennessee. The Tennessee Secretary of State will provide you with a copy of your certificate of incorporation upon written, faxed, or in-person request. A certified copy costs $20, whereas a non-certified copy costs $5.
A registry of UK firms, including international enterprises that have registered in the UK, is kept by Companies House, a government institution in the UK. You can obtain a free copy of your certificate of incorporation from Companies House if your overseas firm has registered in the UK. Enter your company name or registration number on the Companies House website, then click the “Download Certificate” button.
In conclusion, a number of variables, such as the type of LLC and filing method, affect the price of forming an LLC in Tennessee. A basic LLC requires a $300 filing fee, with possible extra costs for expedited processing or other services. The filing price for creating a series LLC is $300 plus $50 for each series created. You can pay the Tennessee Secretary of State $20 to obtain a copy of your certificate of incorporation if you require one. Additionally, you can download your certificate of incorporation for free from Companies House if you registered a foreign company in the UK.
The Secretary of State of Tennessee offers an LLC Certificate of Good Standing.