How to Form an LLC in Tennessee: Starting an LLC in Tennessee
How to Form an LLC in Tennessee: Starting an LLC in Tennessee
Blog Article
Launching an Limited Liability Company in the Volunteer State|Setting up an Limited Liability Company in the Volunteer State may appear challenging, but it isn't daunting. It's best to manage all necessary actions, from choosing the ideal business title to ensuring you're compliant with state regulations. Knowing the paperwork needed plus protecting your business early can avoid problems in the future. Prior to filing forms, though, there’s an important initial step that lays the foundation for everything else.
Choosing a Name for Your Tennessee LLC
The first step in forming your LLC is selecting a name that’s available and meets Tennessee regulations. 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.
If the name is free, you can reserve it for 120 days by submitting a reservation application and paying a fee.
Appointing a Registered Agent
Every Tennessee LLC must appoint a registered agent to receive legal and government documents.
The agent must have a physical Tennessee address—P.O. boxes aren’t allowed. You can serve as your own agent, hire a professional service, or designate another trusted individual or company.
It’s essential that your agent is reachable during business hours to accept official documents.
Filing the Articles of Organization
To form an llc in tn legally establish your LLC, file the Articles of Organization with the Tennessee Secretary of State.
Complete and submit Form SS-4220 either online via the Tennessee Secretary of State’s portal or by mailing the completed form. 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
While Tennessee doesn’t legally require an operating agreement, it’s highly recommended to create one. This document should outline management responsibilities, profit distribution, member duties, and procedures for decision-making or dissolving the LLC.
A 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.
Ensure your records are up-to-date, and send in annual reports on time to avoid penalties or administrative dissolution.
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