In Tennessee, establishing an LLC costs $300. The Tennessee Secretary of State will receive this payment, which is for the filing of your organization’s articles of incorporation. Your LLC is formally established and registered with the state through the Articles of Organization. In order to lawfully operate your business in Tennessee after registering your LLC, you will need to secure all required business licenses and permissions.
Depending on the services you choose, you could also have to pay additional fees in addition to the LLC registration fees. For instance, you might need to employ a lawyer if you require assistance establishing your Operating Agreement, which will increase your overall costs. Additionally, you can pay an extra $50 for 24-hour processing or $100 for same-day processing if you want your LLC registration to be processed more quickly.
S Corporations are recognized in Tennessee. However, unlike an LLC or a corporation, a S Corporation is not a type of commercial entity. Instead, it is a tax categorization that a business or LLC that satisfies certain criteria might choose. The company must meet other IRS requirements and have a maximum of 100 shareholders in order to be eligible for S Corporation status.
Tennessee does not need lone proprietors to register their businesses with the state. To lawfully run your business in Tennessee, you might need to acquire any required business licenses and permissions. A single proprietorship does not give the same level of liability protection or tax advantages that an LLC registration may.
Tennessee does permit the domestication of LLCs, therefore you are able to move your LLC there from another state. You must submit a Domestication Certificate and pay a $50 filing fee to the Tennessee Secretary of State in order to do this. Additionally, you’ll need to show that your LLC is legitimate in the state where it was formed.
The Tennessee Secretary of State will issue your company an Entity Control Number (ECN) to help you identify your company. Your LLC registration documents contain information about your ECN, which is used for tax for administrative purposes. Your ECN must be presented as evidence of your company registration if you need to apply for a business license or permission.
In conclusion, forming an LLC in Tennessee can be done online or by mail for a fee of $300. Legal fees or accelerated procedures may incur additional charges. In Tennessee, S Corporations are accepted, LLCs may be domesticated, and businesses must get licenses and permissions in order to operate legally. Your company is given an Entity Control Number for tax and administrative identification.
Using the website of the Tennessee Secretary of State, search for business entities using the name or registration number of your LLC to find out its current status. Your LLC’s current status, including whether it is active or inactive, as well as any additional pertinent details, including the registered agent and address, will be displayed on the website. To learn more about the status of your LLC, you can also get in touch with the Tennessee Secretary of State’s office by phone or email.
You will need to submit the required documentation to the Tennessee Secretary of State’s office in order to register your business in Tennessee. In particular, you must submit Articles of Organization and pay a $300 filing fee if you’re incorporating an LLC. These forms can be submitted in person at the Secretary of State’s office, via mail, or online. Furthermore, the local government in the area where you intend to operate may require you to get any required business licenses or permissions.