The next step is to designate a registered agent for your LLC. This is a person or firm who has the right to accept legal documents on your company’s behalf. The Tennessee street address of your registered agent is required.
The Tennessee Secretary of State will receive your Article of Organization once you have chosen your LLC name and registered agent. The document can be submitted online or by mail. There is a $300 filing fee.
It’s a good idea to have an operating agreement in place even if Tennessee doesn’t require LLCs to have one. An Operating Agreement is a legal agreement that describes the ownership, management, and decision-making procedures for your LLC. An Operating Agreement can offer clarity on the roles and obligations of each LLC member and assist prevent disputes between members.
Each year, Tennessee LLCs must submit an Annual Report to the Secretary of State. By the first day of the fourth month following the conclusion of your LLC’s fiscal year, the report must be submitted. $50 is the filing fee. Your annual report can be submitted online or by mail.
You must do the following actions in order to file an Article of Organization for your LLC in Tennessee:
2. Select a registered agent to represent your LLC.
ZenBusiness: Is It Good?
You can create an LLC in Tennessee with the aid of ZenBusiness, a well-known internet provider. They provide a range of products with items like operating agreement templates, registered agent services, and more. Although ZenBusiness has received many favorable reviews online, it’s crucial to do your homework and compare various LLC creation services to choose the one that’s appropriate for your company.
Yes, in order to establish an LLC in Tennessee, you require a Tennessee Certificate of Existence, commonly known as a Certificate of Good Standing. This certificate attests that your LLC is validly registered with the state and in good standing. You can receive it either in person or online through the Tennessee Secretary of State’s office. It is a crucial document that could be needed while executing commercial transactions by banks, investors, and other parties.