Yes, you must register your business with the Tennessee Department of Revenue if you are a lone proprietor operating in Tennessee. This is thus because the state views sole proprietorships as distinct legal persons from their proprietors. Penalties and fines could apply if you don’t register.
Visit the Tennessee Department of Revenue’s website at www.tn.gov/revenue and click the “Register a Business” option to register your business. Following that, you will be prompted to enter details about your company, such as its name, address, and industry. Additionally, you will be required to submit your personal data, including your name, Social Security number, and contact details. You will receive a confirmation email with your registration details after completing the online registration process. Within 7 to 10 business days, you will also receive your sales tax certificate of registration in the mail. How Can I Tell if I Need a Tennessee Business License?
Depending on the kind of business you run and where it is located, several conditions must be met in Tennessee before you may receive a business license. In addition to their state registration, some towns and counties also require firms to get local business licenses. To find out if your company needs a license, check with your local authorities. In conclusion, each sole proprietorship doing business in Tennessee must register their company with the Tennessee Department of Revenue. The procedure is straightforward and can be completed online or by mail. It’s also crucial to verify with your local authorities to see if your company needs a license. By doing these actions, you can make sure that your company is running legally and prevent any fines or penalties.