Maintaining your company’s good standing in Tennessee requires that you stay on top of the required filings. The annual report, which gives the state up-to-date information about your company, is one of the crucial filings. The procedures for submitting an annual report in Tennessee are described in this article.
Yes, Tennessee law requires yearly reports to be filed by all LLCs. The first day of the fourth month following the end of the LLC’s fiscal year is when this report is due. For instance, the annual report is required by April 1st if your LLC’s fiscal year ends on December 31st.
You must submit Articles of Organization to the Tennessee Secretary of State in order to establish an LLC there. This document is being filed for $300. In addition, a $50 yearly fee is required to keep the LLC registered with the state. What is a Tennessee Certificate of Existence?
A certificate of existence, also called a certificate of good standing, attests to the legitimacy of your company’s existence in Tennessee. This document is required for a number of activities, such as opening a bank account or applying for business licenses. The Tennessee Secretary of State’s office charges $20 for a certificate of existence.
What Do I Do After I Submit My Annual Report? You must sign into the online system of the Tennessee Secretary of State in order to submit an annual report. You will next be asked to submit your LLC’s information and make the $50 payment. As the report is used to update the state’s records, it is crucial to make sure the information is accurate and current.
In conclusion, submitting an annual report is a critical step in keeping your Tennessee LLC in good standing. The Secretary of State’s website offers an online form that may be filled out quickly and easily. To avoid fines or legal troubles, keep your LLC’s information current and submit the report on time.
Businesses must submit an annual report to the state government each year in order to update information regarding their operations, ownership, and financial standing. Businesses are required by law to produce an annual report in order to preserve their good standing with the state and stay out of trouble.