Tennessee LLC Agreement - Open Source
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How to fill out LLC Agreement - Open Source?
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FAQ
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.
Service of Process for an LLC includes delivery of legal documents such as complaints, summons, and/or subpoenas. Your Registered Agent must have a street address in Tennessee. PO Boxes aren't allowed. If your Registered Agent will be a person, they must also be at least 18 years old and a resident of Tennessee.
Yes, the Florida Division of Corporations does allow an individual in an LLC to act as the Registered Agent for the business. But, it's an added responsibility on top of all the tasks a business owner has to carry out, so many entrepreneurs use a dedicated Registered Agent service instead.
A written operating agreement is not legally required for most Tennessee LLCs (the exception being director-managed LLCs). Even so, having a written operating agreement is essential for opening a business bank account, heading off disagreements between members, and bolstering your limited liability status.
Starting an LLC in Tennessee will include the following steps: #1: Choose a Name for Your Tennessee LLC. #2: Name a Registered Agent for Your Tennessee LLC. #3: File Articles of Organization for Your Tennessee LLC. #4: Secure an IRS Employer Identification Number. #5: Prepare Your Business for Operations.
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.
To be your own LLC Registered Agent, you need to have a physical address in Tennessee. This is because Registered Agents must have a physical street address in the state. PO Boxes are not allowed. (Note: The address of a Registered Agent is the Registered Office.
Here is an overview of the total paperwork, cost, and time it takes to form an LLC in Tennessee. Be sure to read the final step in this guide - "Ongoing Filings" - to understand your ongoing costs to maintain a compliant Tennessee LLC. Formation: ~4 business days by mail. ~2 days online.