This form is a certificate of incorporation. The following information is required to be listed on the form: name of the corporation, name of the registered agent, the nature of the business to be conducted or promoted, and the name of each incorporator.
Tennessee Certificate of Incorporation for a Franchise Advertising Cooperative
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State:
Multi-State
Control #:
US-6-01-STP
Format:
Word;
Rich Text
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How to fill out Certificate Of Incorporation For A Franchise Advertising Cooperative?
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An obligated member entity (OME) entails unlimited liability protections and exemption from state taxes. Tennessee levies excises and franchise taxes on all legal entities, unless a company can gain exemption.
Tennessee does not tax individual's earned income, so you are not required to file a Tennessee tax return. Since the Hall Tax in Tennessee has ended. Starting with Tax Year 2021 Tennessee will be among the states with no individual income.
Franchise tax 0.25% of the greater net worth or real tangible property in Tennessee.
With a few exceptions, all businesses that sell goods or services must pay the state business tax. This includes businesses with a physical location in the state as well as out-of-state businesses performing certain activities in the state.
Franchise & Excise Tax - Excise Tax All persons, except those with nonprofit status or otherwise exempt, are subject to a 6.5% corporate excise tax on the net earnings from business conducted in Tennessee for the fiscal year.
Overview. If you are a corporation, limited partnership, limited liability company, or business trust chartered, qualified, or registered in Tennessee or doing business in this state, then you must register for and pay franchise and excise taxes.
There are some exemptions to filing franchise and excise tax. For example, certain limited liability companies, limited partnerships and limited liability partnerships whose activities are at least 66% farming or holding personal residences where one or more of its partners or members reside are exempt.