Tennessee Business Incorporation Package to Incorporate Corporation
What this form package covers
The Tennessee Business Incorporation Package is a comprehensive collection of legal forms designed to facilitate the incorporation of a corporation in Tennessee. This package includes all necessary forms for both the initial incorporation and essential post-incorporation documentation. Unlike generic incorporation guides, this package is tailored specifically for Tennessee, ensuring compliance with state-specific legal requirements.
What’s included in this form package
- Tennessee Charter of Incorporation for Domestic For-Profit Corporation
- Tennessee Bylaws for Corporation
- Annual Minutes
- Notices, Resolutions, Simple Stock Ledger and Certificate
- Minutes for Organizational Meeting
- Sample Transmittal Letter to Secretary of State's Office to File Articles of Incorporation
- Application of Name Reservation
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
When to use this document
This form package should be used when:
- You are ready to establish a corporation in Tennessee for your business.
- You need to prepare the Articles of Incorporation and other essential documentation.
- You want to ensure proper record-keeping and compliance after your corporation is formed.
Who should use this form package
- Business owners looking to incorporate their for-profit entity in Tennessee.
- Individuals with little to no legal experience seeking a straightforward and reliable method to create a corporation.
- Entrepreneurs aiming to leverage the benefits of limited liability and corporate structure.
How to complete these forms
- Review all included forms and instructions thoroughly.
- Decide on a name for your corporation and check its availability.
- Complete the Articles of Incorporation by filling in the required information.
- Prepare organizational minutes and bylaws for your corporation during the initial meeting.
- Apply for a Federal Tax Identification Number using Form IRS-SS-4.
- If applicable, file Form IRS-2553 to elect Subchapter S status to avoid double taxation.
Notarization details for included forms
Most forms in this package do not require notarization. However, local laws or specific situations may demand it. Our online notarization service, powered by Notarize, lets you complete the process through a verified video call, available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to reserve the corporation's name before filing Articles of Incorporation.
- Not holding the required initial organizational meeting after incorporation.
- Overlooking the need for an EIN, which is essential for tax purposes and opening a bank account.
Advantages of online completion
- Convenient digital access allows for easy downloads and printing anytime.
- Forms can be filled out directly on your device, saving time and reducing errors.
- Comprehensive guidance ensures that you do not miss critical steps in the incorporation process.
Quick recap
- This package provides clear, state-specific guidance for incorporating a business in Tennessee.
- It includes all necessary forms and post-incorporation documents.
- Entrepreneurs can easily navigate the incorporation process using this comprehensive package.
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FAQ
State Business Tax By default, LLCs themselves do not pay federal income taxes, only their members do. Tennessee, however, imposes a franchise tax and an excise tax on most LLCs. You must register for this tax through the Department of Revenue (DOR).
How much does it cost to form a corporation in Tennessee? You can register your business name with the Tennessee Department of State for $20. To file your Corporate Charter, the Tennessee Department of State charges a $100 filing fee.
What Is the Cheapest State to Incorporate? Delaware remains one of the more affordable states in which to form an LLC (14th lowest filing fee of 50 states). Delaware also ranks well for incorporation fees (17th lowest filing fee of 50 states).
Tennessee charges a low $20 for corporations, and hits LLCs with a $300 filing fee for businesses with 1-6 members, and then tacks on an extra $50 per member. So if you have an 8 member LLC, you'll pay $400 per year to file your annual report, whereas a giant corporation pays $20.
One of the main reasons to form a corporation or LLC for a small business is to avoid personal liability for the business' debts. As we mentioned earlier, corporations and LLCs have their own legal existence. It's the corporation or LLC that owns the business, its assets, debts, and liabilities.
Business Name Reservation Form (Corps and LLCs) Articles of Incorporation (Corps only) Articles of Organization (LLCs only) Corporate Bylaws (Corps only) Operating Agreement (LLCs only)
Choose a Corporate Name. File a Corporate Charter. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Initial Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
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.
