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FAQ
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How to Create a Tennessee S Corp Choose your business's name. Appoint a Tennessee registered agent. Elect Directors and Officers or Managers. File Tennessee Corporate Charter/Articles of Organization. File Form 2553 to turn the business into an S Corporation.
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How much does it cost to form an LLC in Tennessee? The Tennessee Secretary of State charges $50 per LLC member included in the filing, with a minimum total fee of $300. The filing fee cannot exceed $3,000 for the Articles of Organization. A convenience fee will also be charged when paying online by credit card.
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An S corporation doesn't pay income taxes; the shareholders do have to share their loss or profit of their contribution to the corporation in their tax return like in a limited liability company. You have to file an IRS Form 2553 to start an S Corporation in Tennessee.
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To file your Corporate Charter, the Tennessee Department of State charges a $100 filing fee. All corporations doing business in Tennessee must also file an annual report with a $20 filing fee.
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To register a foreign corporation in Tennessee, you must file a Tennessee Application for Certificate of Authority with the Tennessee Department of State, Corporate Filings. You can submit this document by mail or in person. The Certificate of Authority for a foreign Tennessee corporation costs $600 to file.
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Tennessee does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in Tennessee. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes.
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To register a foreign corporation in Tennessee, you must file a Tennessee Application for Certificate of Authority with the Tennessee Department of State, Corporate Filings. You can submit this document by mail or in person. The Certificate of Authority for a foreign Tennessee corporation costs $600 to file.
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The filing fee is $20. An online service fee may be added to the filing fee. Print and Mail documents to Apply to Register an Assumed Name. Information will be collected through the online tool, and then printed on the correct form to be mailed to the Secretary of State with payment.
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To register as a foreign LLC with Tennessee's Secretary of State, you'll need submit an Application for Certificate of Authority along with a $300 minimum filing fee ($307.50 to pay with a credit card or $300.95 to pay with an eCheck) for LLCs with six or fewer members.
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How do you form an S-corporation? To form a new S-corporation, you must first file Articles of Incorporation for an LLC or a C-corporation. Once the Articles of Incorporation are on file with the state in which the business operates, Form 2553 must be filed with the IRS in order to elect S-corporation tax status.
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