Tennessee LLC Filing Requirements: A Step-by-Step Guide
Tennessee LLC filing requirements include filing a Certificate of Formation, obtaining a Federal Tax ID Number, and filing an annual Statement of Information. You must also obtain any necessary licenses and permits to operate your business in Tennessee.
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Tennessee LLC filing requirements are the rules and regulations that govern the formation and maintenance of a Limited Liability Company (LLC) in the state of Tennessee. To form an LLC in Tennessee, you must file certain documents with the Tennessee Secretary of State and obtain any necessary licenses and permits. In this article, we will outline the Tennessee LLC filing requirements and provide a step-by-step guide to help you navigate the process.
The first step in forming an LLC in Tennessee is to choose a business name. The name must be unique and not already in use by another business in the state. You can search the Tennessee Secretary of State's database to ensure that your desired name is available. Once you have chosen a name, you must file a Name Reservation Application with the Secretary of State's office. This application costs $20 and is valid for 120 days.
Next, you must file a Certificate of Formation with the Tennessee Secretary of State's office. This document is also known as the Articles of Organization and must include the following information:
- The name and address of the LLC
- The purpose of the LLC
- The name and address of the registered agent
- The name and address of the organizer
The Certificate of Formation must be signed by the organizer and filed with the Secretary of State's office. The filing fee for the Certificate of Formation is $300.
Once the Certificate of Formation has been filed, you must obtain a Federal Tax ID Number (EIN) from the IRS. This number is used to identify your business for tax purposes and is required for opening a business bank account and hiring employees.
After obtaining your EIN, you must file a Statement of Information with the Tennessee Secretary of State's office. This document is also known as the Annual Report and must be filed annually. The Statement of Information must include the following information:
- The name and address of the LLC
- The name and address of the registered agent
- The name and address of the organizer
The Statement of Information must be filed within 30 days of the anniversary date of the LLC's formation. The filing fee for the Statement of Information is $50.
In addition to the above requirements, you must also obtain any necessary licenses and permits to operate your business in Tennessee. These licenses and permits may include a sales tax permit, a business license, and any other permits required by local authorities.
It's also important to note that Tennessee LLCs are required to maintain a registered agent in the state. The registered agent must have a physical address in Tennessee and be available to receive service of process on behalf of the LLC. You can appoint a registered agent service or an individual to serve as the registered agent.
In conclusion, Tennessee LLC filing requirements are the rules and regulations that govern the formation and maintenance of a Limited Liability Company (LLC) in the state of Tennessee. To form an LLC in Tennessee, you must file certain documents with the Tennessee Secretary of State and obtain any necessary licenses and permits. By following the step-by-step guide outlined in this article, you can ensure that your LLC is formed and maintained in compliance with Tennessee law.