Tennessee Small Business Startup Package

Category:
State:
Tennessee
Control #:
TN-P109-PKG
Format:
PDF; 
Word; 
Rich Text
Instant download

Description

The well-planned launch of a business is vital to future business success. This package is designed to simplify the process of starting a new small business. The forms contained in this package are valuable tools that can be used to organize and track necessary tasks, create and present a business plan to potential investors/lenders, and more.



The Small Business Startup package contains the following forms:



Sample Business Plan Template



This form provides a guideline for you to fill in with the details of your particular business so that it can be used to seek funding and other participation. Sections are included for an executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding proposal, financial projections, and more.



Checklist for Starting Up a New Business



This form is a handy checklist for the owner of a new business to use as a helpful tool in forming a new business. The form covers the stages of background planning, initial business transactions, and initial tasks that need to be accomplished to get the business up and running smoothly.



Projected Cash Flow Statement for Small Business Startup



This is a spreadsheet in Excel format that can be used in planning to start a new small business. It is an important tool that can be used to gain advantages with the management who controls the expenses, potential sources of borrowed money, potential equity investors, and the current shareholders.



Business Plan Slide Presentation



This is a Powerpoint slide presentation that outlines a business plan, with guidelines for adding your company's information to the slides. Topics covered include mission statement, management, business concept, competition, market strategy, financial plan, goals and objectives, and more. There are 13 slides included, which can be customized to fit your needs, and new slides can be added as needed.



Business Startup Costs Spreadsheet



This form is an Excel spreadsheet that can be used to calculate startup costs for a new business. It includes itemized categories for funding and costs, and is a valuable tool to help plan the financial aspects of your new business.



Customer Invoice Template



This is an invoice in Word format that allows you to itemize the product or service by quantity, description, and price. It includes shipping information and costs, taxes, as well as sections for notes and additional information. The top portion can be customized with your company logo and address, and contains a customer number, date, invoice number, and billing and shipping addresses.



Employment Application



This form is an employment application. Education, work history, criminal record, military service, and more are covered. The form provides that applications are considered without regard to race, color, religion, or veteran status.



Stand Alone Confidentiality and Noncompetition Agreement with Employee



A confidentiality agreement and covenant not to compete are important tools to protect your business interests. This form can prevent loss of customers and profits by protecting your production formulas, processes, and methods, business and marketing plans, pricing strategies, salary structure, customer lists, contracts, intellectual property, and computer systems.



Application for Name Reservation



File this name reservation form to reserve a unique business name for your corporation and prevent trade name infringement.




Definition and meaning

The Tennessee Small Business Startup Package is a collection of essential forms designed to assist new business owners in Tennessee. This package includes various templates and documents that aid in the process of starting a small business, including planning, financial projections, and administrative tasks.

Who should use this form

This package is primarily intended for individuals looking to start a small business in Tennessee. It is especially useful for entrepreneurs who may not have prior legal experience and need guidance on what documents are necessary to establish a business operation effectively.

Key components of the form

The Tennessee Small Business Startup Package includes several important documents, such as:

  • Sample Business Plan Template
  • Checklist for Starting Up a New Business
  • Projected Cash Flow Statement
  • Business Plan Slide Presentation
  • Business Startup Costs Spreadsheet
  • Customer Invoice Template
  • Employment Application
  • Confidentiality and Noncompetition Agreement
  • Application for Name Reservation

Each component serves a distinct purpose in the startup process, providing critical information and structure for the new business owner.

Common mistakes to avoid when using this form

When utilizing the Tennessee Small Business Startup Package, users should avoid the following common mistakes:

  • Failing to customize the templates to fit their specific business needs.
  • Not thoroughly reviewing each document before submission or use.
  • Overlooking state-specific regulations that may apply.
  • Neglecting to seek legal advice when uncertain about the implications of the contracts or agreements.

Being mindful of these potential pitfalls can enhance the effectiveness of the forms and contribute to a smoother startup experience.

Benefits of using this form online

Utilizing the Tennessee Small Business Startup Package online provides several advantages, including:

  • Immediate access to all necessary templates and forms, allowing for quicker preparation.
  • The ability to fill out forms conveniently from any device.
  • Easy updates and modifications to your documents as business needs change.
  • Supportive resources and guidance offered throughout the process to reduce frustration.

These benefits streamline the startup process, making it more efficient for business owners.

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How to fill out Tennessee Small Business Startup Package?

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For people who don’t have a subscription yet, look at our how-guide listed below to make getting started simpler:

  1. Check if the Tennessee Small Business Startup Package you’re looking at is suitable for your state.
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You can now open up the Tennessee Small Business Startup Package example and fill it out online or print it out and do it by hand. Think about sending the document to your legal counsel to make sure things are filled in appropriately. If you make a error, print out and fill application once again (once you’ve made an account every document you save is reusable). Create your US Legal Forms account now and get access to much more templates.

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FAQ

Tennessee's excise tax, which effectively is an income tax, is a flat 6.5% tax on net earnings from doing business in the state.

Choose a Business Idea. Decide on a Legal Structure. Choose a Name. Create Your Business Entity in Tennessee. Apply for Licenses and Permits. Pick a Business Location and Check Zoning. File and Report Taxes. Obtain Insurance.

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.

Step 1: Choose a Business Idea. Step 2: Write a Business Plan. Step 3: Select a Business Entity. Step 4: Register a Business Name. Step 5: Get an EIN. Step 6: Open a Business Bank Account. Step 7: Apply for Business Licenses & Permits. Step 8: Find Financing.

Please note: A separate $15 business license registration fee must be paid to the county and/or municipal clerk for each new business. Once you register for business tax, please contact the individual county and/or municipal clerk to arrange for payment of this required fee and to obtain your business license.

Step 1: Choose a Business Idea. Step 2: Write a Business Plan. Step 3: Select a Business Entity. Step 4: Register a Business Name. Step 5: Get an EIN. Step 6: Open a Business Bank Account. Step 7: Apply for Business Licenses & Permits. Step 8: Find Financing.

The cost to start a Tennessee limited liability company (LLC) is $50 per member (minimum of $300 and a maximum of $3,000). This fee is paid to the Tennessee Secretary of State when filing the LLC's Articles of Organization.

The regulatory and tax environment in Tennessee attracts and promotes small businesses. In comparison with other U.S. states, tax and regulatory burdens are low, experts say. There is no broad-based wage and salary income tax for sole proprietors and other entrepreneurs.

Analyze your organization's needs. Make sure you have a solid understanding of the: Research various types of foundations. Look for funding matches. Compile a list of prospects. Review and refine your list. Select the most appropriate funding prospects.

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Tennessee Small Business Startup Package