The Tennessee Secretary of State may require you to register as a foreign LLC if you own a limited liability company (LLC) that was established outside of Tennessee and wish to conduct business there. Foreign LLCs must register with the Secretary of State before doing business in Tennessee, according to the Tennessee Code Annotated.
A foreign LLC must pay $300 to register in Tennessee. At the time of registration, this cost is due. You can pay an additional $50 for 24-hour processing or $100 for 2-hour processing if you require faster service.
You must register your foreign LLC with the Tennessee Secretary of State if you intend to do business in Tennessee. However, you might not need to register if you merely want to carry out sporadic or one-off transactions in Tennessee. To find out if you must register your foreign LLC in Tennessee, it is preferable to speak with an attorney.
In Tennessee, you are permitted to act as your own registered agent. However, you are need to have a Tennessee street address where people can contact you during regular business hours. A P.O. Box cannot be used as your registered agent address.
Yes, domestication of LLCs is permitted in Tennessee. This means that you can transfer your LLC from another state to Tennessee by filing the required papers with the Tennessee Secretary of State. The procedure is the same as registering a foreign LLC, except that you will domesticate your current LLC in Tennessee rather than filing as a foreign LLC.
In conclusion, you must register with the Tennessee Secretary of State if you own a foreign LLC and intend to conduct business in Tennessee. You can act as your own registered agent in Tennessee for a $300 registration fee if you have a physical street location where you can be reached during regular business hours. You can domesticate your current LLC in Tennessee if you need to transfer it there.
The term “doing business” in Tennessee includes carrying out any form of transaction or activity inside Tennessee with the intention of making a profit. This includes, but is not limited to, employing people there, keeping a business there, leasing or owning real estate there, and frequently pursuing clients who live in Tennessee.
You must submit a foreign LLC application for registration with the Tennessee Secretary of State’s office in order to register to conduct business in Tennessee. Your LLC’s name, address, and state of establishment must be disclosed, among other details. A registered agent in Tennessee who may accept legal documents on behalf of your LLC must also be named. A certificate of good standing from your home state as well as a filing fee are additional requirements. Following approval of your application, your LLC will be permitted to conduct business in Tennessee.