How to Start an LLC in Tennessee: A Comprehensive Guide

Starting an LLC in Tennessee requires careful planning attention to detail. This article guides you through steps including choosing business name filing Articles obtaining EIN creating operating agreement obtaining licenses permits.

Save 90% on your legal bills

What is an LLC in Tennessee?

An LLC (Limited Liability Company) in Tennessee is a business structure that offers personal liability protection, tax benefits, and flexibility in ownership and management. It is a popular choice for many businesses due to its credibility and trustworthiness.

How Do I Choose a Business Name for My LLC in Tennessee?

The first step in starting an LLC in Tennessee is to choose a unique and memorable business name. The name must be distinguishable from other business names in the state and must not contain any words that are prohibited by the Tennessee Secretary of State. You can search for available business names on the Tennessee Secretary of State's website.

How Do I File Articles of Organization for My LLC in Tennessee?

The next step is to file the Articles of Organization with the Tennessee Secretary of State. This document is the official formation document for your LLC and must include the business name, address, and purpose of the LLC. You can file the Articles of Organization online or by mail.

Why Do I Need an EIN for My LLC in Tennessee?

An Employer Identification Number (EIN) is a unique number assigned to your LLC by the IRS. You will need an EIN to open a business bank account, hire employees, and file taxes. You can apply for an EIN online through the IRS website.

What Is an Operating Agreement and Why Do I Need One for My LLC in Tennessee?

An operating agreement is a document that outlines the ownership, management, and operation of your LLC. This document is not filed with the state but is essential for internal purposes and can help prevent disputes among members.

Do I Need Licenses and Permits to Start an LLC in Tennessee?

Depending on the type of business you are starting, you may need to obtain licenses and permits from the state or local government. For example, if you are starting a restaurant, you will need to obtain a food service permit from the Tennessee Department of Health.

How Do I Open a Business Bank Account for My LLC in Tennessee?

You will need to open a separate business bank account for your LLC to keep your personal and business finances separate. This will also help you qualify for business loans and credit cards.

Why Is Business Insurance Important for My LLC in Tennessee?

Business insurance is essential to protect your LLC from liability and financial losses. You can obtain liability insurance, property insurance, workers' compensation insurance, among others.

What Are the Benefits of Starting an LLC in Tennessee?

The LLC offers several benefits including personal liability protection, tax benefits such as pass-through taxation which means that business income is only taxed at the individual level, flexibility in ownership and management allowing multiple owners and managers without needing approval from all members.

What Are the Requirements for Starting an LLC in Tennessee?

To start an LLC in Tennessee you must meet certain requirements including being at least 18 years old being a resident of Tennessee having a business address within the state choosing a unique business name filing Articles of Organization obtaining an EIN creating an operating agreement obtaining necessary licenses permits opening a separate business bank account obtaining business insurance.

Conclusion:

Starting an LLC in Tennessee can be straightforward but requires careful planning attention to detail following these steps outlined above will help you successfully start an LLC enjoy its numerous benefits.

Legal help, anytime and anywhere

Join launch list and get access to Cimphony for a discounted early bird price, Cimphony goes live in 7 days
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Unlimited all-inclusive to achieve maximum returns
$399
$299
one time lifetime price
Access to all contract drafting
Unlimited user accounts
Unlimited contract analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
For a small company that wants to show what it's worth.
$29
$19
Per User / Per month
10 contracts drafting
5 User accounts
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Free start for your project on our platform.
$19
$9
Per User / Per Month
1 contract draft
1 User account
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Lifetime unlimited
Unlimited all-inclusive to achieve maximum returns
$999
$699
one time lifetime price

6 plans remaining at this price
Access to all legal document creation
Unlimited user accounts
Unlimited document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Monthly
For a company that wants to show what it's worth.
$99
$79
Per User / Per month
10 document drafting
5 User accounts
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Base
Business owners starting on our platform.
$69
$49
Per User / Per Month
1 document draft
1 User account
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial

Save 90% on your legal bills

Start Today