Quick Navigation
1Tennessee LLC Formation
To form an LLC in Tennessee, you'll need to file Articles of Organization with the Tennessee Secretary of State.
Formation Details
- Filing Fee: $300
- Processing Time: 2-4 business days
- Official Website: https://sos.tn.gov/business-services
2Annual Report Requirements
Tennessee requires LLCs to file a annual report to maintain good standing with the state.
Annual Report Details
- Filing Fee: $300
- Due Date: April 1 each year
- Frequency: Annually
3Registered Agent Requirements
Tennessee requires all LLCs to maintain a registered agent.
Can You Be Your Own Registered Agent?
Yes, you can serve as your own registered agent in Tennessee.
Requirements: Must be a Tennessee resident or a corporation authorized to transact business in Tennessee.
4Foreign LLC Registration
If your LLC was formed in another state but you want to do business in Tennessee, you'll need to register as a foreign LLC.
Foreign LLC Registration
- Registration Fee: $300
- Requirements: Certificate of Existence from home state, Application for Certificate of Authority, and registered agent designation.
5Tennessee LLC Taxes
No state income tax on wages. However, LLCs are subject to franchise and excise tax.
Franchise Tax
Franchise tax: $0.25 per $100 of Tennessee property or net worth (minimum $100). Excise tax: 6.5% on net earnings.
6Penalties for Non-Compliance
Late Filing Penalties
$50 per month up to $1,500 maximum penalty
Administrative Dissolution Risk
Administrative dissolution after failure to file annual report and pay fees.
Key Considerations for Tennessee LLCs
- No state income tax on wages or salaries
- Subject to franchise and excise taxes for LLCs
- Higher formation and annual report fees than some states
- Must file franchise and excise tax returns even if no tax is due
Important Disclaimer
This article is for informational purposes only and does not constitute legal advice. LLC requirements, fees, and deadlines change frequently. Always verify current requirements with your state's Secretary of State office before making business decisions.
Related Tennessee LLC Articles
Official Resources
For the most up-to-date information, always check the official Tennessee Secretary of State website:
https://sos.tn.gov/business-services