When registering your business in Tennessee, you have a few different options for business structures, such as a limited liability corporation (LLC) or a sole proprietorship. Here is a more detailed explanation of how to register each kind of business:
When establishing an LLC in Tennessee: You must submit Articles of Organization to the Tennessee Secretary of State in order to form an LLC there. Detailed information about your company, including its name, address, and owners’ names, is included in this document.
You also need to request an Employer Identification Number (EIN) from the IRS, which is a federal tax identification number. This is required for tax purposes and gives you the option to hire staff if necessary.
Making a Tennessee sole proprietorship registration:
You don’t need to submit any official papers to the state if you’re doing business as a sole proprietorship. However, you must apply for a DBA (Doing Business As) with the county clerk’s office in the county where your business is located if you intend to operate under a name other than your own. Should I Register My Sole Proprietorship in Tennessee? While you are not required to register your sole proprietorship with the state of Tennessee, depending on your business, you might need to do so. For instance, the Tennessee Department of Health will need you to apply for a food service permit if you plan to launch a food service company.
The Tennessee Department of Revenue registration process:
You must register with the Tennessee Department of Revenue in order to get a sales and use tax permit, regardless of the kind of business you’re launching. As a result, you can obtain sales tax from clients and send it to the state.
You can download a paper application and mail it in or submit an online application to register. Basic information regarding your company, like its name, address, and federal tax ID number, must be provided.
Conclusion Depending on the kind of business structure you select, there are a number of processes involved in registering a business in Tennessee. By adhering to the recommendations given above, you can make sure that your company is legitimately registered and permitted to function in the state.