This Professional Limited Liability Company - PLLC Formation Package state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new Professional Limited Liability Company. The form contains basic information concerning the PLLC, normally including the PLLC's name, purpose and duration of the PLLC, the registered address, registered agent, and related information.
Memphis Tennessee Professional Limited Liability Company PLLC Formation Package
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TennesseePlease select your state
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City:
Memphis
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TN-00PLLC
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In fact, here's the only guidance the state has to give: a PLLC applies to all professional services ?that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service.? If that applies to your business, then you should form a PLLC.
Tennessee is also fairly lenient with the requirements for membership. Some states require every PLLC member (i.e., owner) to be licensed in the business's stated profession. Tennessee, however, leaves it up to the individual licensing board.
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.
Forming a PLLC in Tennessee (in 6 Steps) Step One) Choose a PLLC Name.Step Two) Designate a Registered Agent.Step Three) File Formation Documents with the State.Step Four) Create an Operating Agreement.Step Five) Handle Taxation Requirements.Step Six) Obtain Business Licenses and Permits.
Other filings required at time of incorporation Tennessee requires the following: County filing. If the LLC's principal office is in Tennessee, a copy of the Articles of Organization must be filed with that county's government. If the principal office is not in Tennessee, no county filing is required.
Advantages. Members of a PLLC aren't personally liable for the malpractice of any other member. This is a big advantage over a general partnership or sole proprietorship. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent.
Professional Limited Liability Companies With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals.
A Tennessee PLLC is a limited liability company (LLC) formed specifically by people who will provide Tennessee licensed professional services. LLCs in general are businesses registered with the state that consist of one or more people?called LLC members?who own the business.
Forming a PLLC in Tennessee (in 6 Steps) Step One) Choose a PLLC Name.Step Two) Designate a Registered Agent.Step Three) File Formation Documents with the State.Step Four) Create an Operating Agreement.Step Five) Handle Taxation Requirements.Step Six) Obtain Business Licenses and Permits.