Tennessee Transfer of Registration of Foreign Limited Partnership
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How to fill out Tennessee Transfer Of Registration Of Foreign Limited Partnership?
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FAQ
Any corporation, limited partnership, limited liability company or business trust chartered/organized in Tennessee or doing business in this state must register with the secretary of state and file annual reports. Click here for more information.
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.
Tennessee doesn't require you to file your Partnership Agreement with the state. Partnership Agreements are valid and binding when all the partners sign it.
Tennessee law has no provisions for entity domestication. If you plan to move your company to Tennessee your can choose between qualifying your existing company as Tennessee Foreign Entity, or dissolving it in the original state of registration and forming a new company in Tennessee.
Limited partnerships (LP): In Tennessee, a LP must file a Certificate of Limited Partnership with the Secretary of State. Limited liability partnerships (LLP): A Registration Statement with the Secretary of State is required in order to form an LLP in Tennessee.
Fiduciary Duty of Loyalty ? The Tennessee partnership statute allows partnership agreements to eliminate the fiduciary duty of noncompetition because of the wide use of partnerships in real estate investment (a business sector in which partners typically invest in multiple properties that may be in direct competition).
To cancel your foreign LLC in Tennessee, you submit form SS-4241, Application for Cancellation of Certificate of Authority and the filing fee, to the Tennessee Department of State, Division of Business Services (DBS).
Steps to Create a Tennessee General Partnership Determine if you should start a general partnership. Choose a business name. File a DBA name (if needed) Draft and sign partnership agreement. Obtain licenses, permits, and clearances. Get an Employer Identification Number (EIN) Get Tennessee state tax identification numbers.