Tennessee Llc Operating Agreement With Board Of Directors
Description
How to fill out Tennessee Limited Liability Company LLC Operating Agreement?
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FAQ
LLC operating agreements usually provide much more information, and almost all the provisions for how the business will be managed, and the rights, duties, and liabilities of members and managers are contained in the operating agreement. An operating agreement is a private document.
Nope, Tennessee law doesn't require you to file your operating agreement with the state. Your operating agreement is an internal document your LLC should keep on record.
Tennessee requires LLCs to file an annual report and pay a franchise tax. The annual report is due on or before the first day of the fourth month following the close of the LLC's fiscal year. The filing fee is $50 per member, with a minimum fee of $300 and a maximum fee of $3000.
A Tennessee single-member LLC operating agreement is a legal document that is provided specifically for use by a sole proprietor who would like to establish the policies, procedures, daily activities among other aspects of their company.
The annual report fee for LLCs is $300 minimum up to a maximum of $3000. The fee increases by an additional $50 per member for every member over 6 members up to a maximum of $3,000.