The cost of submitting an annual report in Tennessee is $50 for the majority of firms. Limited liability companies (LLCs), limited partnerships (LPs), as well as local and foreign corporations are all subject to this fee. There are a few exceptions to this rule, though. For instance, firms providing professional services and non-profit organizations just have to pay a $20 fee.
It is significant to remember that there are additional costs associated with filing the annual report online. For most firms, the total cost is $52 because filing electronically adds $2 to the whole price. However, professional service firms and non-profit corporations just need to pay an extra $1 for online filing.
Businesses must have a registered agent in Tennessee who can accept legal paperwork on their behalf. The owner or an employee of the company may act as the registered agent in addition to using a registered agent service to carry out this duty. This confirms that in Tennessee, you are permitted to act as your own registered agent.
Any company, including those based outside of Tennessee, that wants to conduct business there needs to register. This covers companies, LLCs, limited partnerships, and other business structures. A form must be submitted to the Tennessee Secretary of State along with a fee as part of the registration process. Depending on the type of business, the registration fee ranges from $50 to $300.
In Tennessee, a registered agent must be either a resident or a company with a valid business license. Legal paperwork and other crucial notices must be delivered to the registered agent on behalf of the business. Although a company’s owner or an employee can act as the registered agent, many companies opt to use a registered agent service to guarantee that crucial paperwork are delivered on time.
In conclusion, the price of submitting an annual report in Tennessee varies based on the nature of the company and the method of filing. For filing an annual report, the majority of businesses should budget $50 plus an extra charge for online filing. In Tennessee, business owners have the option of acting as their own registered agent, but many opt to use a registered agent service to guarantee that crucial paperwork are received on time. Any company that operates in Tennessee must register and pay a fee in order to operate there.
You can check the online database of registered entities maintained by the Tennessee Secretary of State to determine whether a company is registered in Tennessee. On the Secretary of State’s website, you can access the database known as the Business Information Search. A company’s name, registered agent, or entity ID number can all be used in a search.
LLCs (Limited Liability Companies) are required to file an annual report with the state government every year. It offers details on the business’ operations, ownership structure, and monetary results for the previous fiscal year. The yearly report’s goal is to make sure the state government gets correct and current information about LLCs that are subject to its jurisdiction.