How to Form an LLC in Tennessee: Starting an LLC in TN
How to Form an LLC in Tennessee: Starting an LLC in TN
Blog Article
Starting an Limited Liability Company in the Volunteer State|Creating an Limited Liability Company in the Volunteer State seems complicated, but it doesn’t have to be hard. You’ll want to manage all necessary actions, from securing the right name to making sure compliance with state rules. Getting familiar with the paperwork needed plus protecting your business ahead of time may prevent issues down the line. Prior to filing forms, though, there’s a key initial decision that lays the groundwork for what comes next.
Selecting a Unique Name in Tennessee
Before you can officially form your LLC in Tennessee, you'll need to choose a unique name that complies with state requirements. Your name must include "Limited Liability Company" or an abbreviation like "LLC."
Ensure the name isn’t already taken or too similar to another company by searching the Tennessee Secretary of State’s online database. Avoid restricted words that could cause confusion with government agencies, such as “bank” or “trust,” unless you get special permission.
To secure your name during the process, file a reservation request and pay the applicable fee, holding it for up to 120 days.
Designating a Service for Legal Notices
Every Tennessee LLC must appoint a registered agent to receive legal and government documents.
Your registered agent must be located at a real address in Tennessee, not just a P.O. box. You can serve as your own agent, hire a professional service, or designate another trusted individual or company.
Ensure your agent is always available during normal business hours to receive important notices.
Submitting Your Tennessee LLC Formation Document
To legally establish your LLC, file the Articles of Organization with the Tennessee Secretary of State.
You may file the form online through the Tennessee SOSDirect portal or mail a paper copy. It requires your LLC name, address, registered agent info, management structure, and intended duration.
Double-check every piece of information to prevent delays or rejection. The filing fee is $300, payable by credit card or check. After approval, you’ll receive confirmation, and your LLC is officially recognized in Tennessee.
Drafting Your Tennessee LLC Operating Rules
Though optional, having an operating agreement is a smart move to define management and ownership specifics. This document should outline management responsibilities, profit distribution, member duties, and procedures for decision-making or dissolving the LLC.
A get more info well-drafted operating agreement can prevent disputes and show professionalism. It’s especially important if your LLC has multiple members. All members should review and sign the document, and keep it with your business records.
Maintaining Your Tennessee LLC’s Good Standing
Once your LLC is formed, ongoing compliance is essential to keep your business in good standing.
You’ll need to file an annual report along with a fee each year to maintain active status in Tennessee.
Maintain detailed financial records, and promptly update your registered agent information as needed. Watch deadlines for filings and tax payments.
Summary
Getting your LLC up and running in Tennessee is simple with these steps: pick a unique name, choose a good registered agent, file the formation documents, and create an operating agreement. Keep up with annual reports and licenses to stay compliant, and you’re ready for business growth! Report this page