How to Create an LLC in Tennessee: Forming an LLC in TN
How to Create an LLC in Tennessee: Forming an LLC in TN
Blog Article
Launching an Limited Liability Company in Tennessee|Creating an LLC in the Volunteer State might seem complicated, but it doesn’t have to be hard. You should manage every important task, from securing the ideal name to making sure you're compliant with government rules. Understanding the paperwork needed and protecting your business ahead of time can prevent issues in the future. Prior to submitting documents, though, there’s an important first decision that sets the basis for what comes next.
How to Pick Your Tennessee LLC Name
Before you can officially form your LLC in Tennessee, you'll need to choose a unique name that complies with state requirements. Your name must include "Limited Liability Company" or an abbreviation like "LLC."
It can't match or be confusingly similar to another business registered in Tennessee, so check availability using the Tennessee Secretary of State’s online database. Avoid restricted words that could cause confusion with government agencies, such as “bank” or “trust,” unless you get special permission.
To secure your name during the process, file a reservation request and pay the applicable fee, holding it for up to 120 days.
Designating a Service for Legal Notices
Your LLC needs a registered agent in Tennessee to handle legal notices and official correspondence.
Your registered agent must be located at a real address in Tennessee, not just a P.O. box. You can serve as your own agent, hire a professional service, or designate another trusted individual or company.
It’s essential that your agent is reachable during business hours to accept official documents.
Submitting Your Tennessee LLC Formation Document
Start by submitting the Articles of Organization to Tennessee to officially create your LLC.
Complete and submit Form SS-4220 either online via the Tennessee Secretary of State’s portal or by mailing the completed form. It requires your LLC name, address, registered agent info, management structure, and intended duration.
Double-check every piece of information to prevent delays or rejection. The filing fee is $300, payable by credit card or check. After approval, you’ll receive confirmation, and your LLC is officially recognized in Tennessee.
Developing Your LLC Member Agreement
Even though Tennessee law visit the website doesn’t mandate it, drafting an operating agreement helps formalize your LLC’s structure. This document should outline management responsibilities, profit distribution, member duties, and procedures for decision-making or dissolving the LLC.
A well-drafted operating agreement can prevent disputes and show professionalism. It’s especially important if your LLC has multiple members. All members should review and sign the document, and keep it with your business records.
Maintaining Your Tennessee LLC’s Good Standing
Once your LLC is formed, ongoing compliance is essential to keep your business in good standing.
You’ll need to file an annual report along with a fee each year to maintain active status in Tennessee.
Ensure your records are up-to-date, and send in annual reports on time to avoid penalties or administrative dissolution.
Conclusion
Getting your LLC up and running in Tennessee is simple with these steps: pick a unique name, choose a good registered agent, file the formation documents, and create an operating agreement. Keep up with annual reports and licenses to stay compliant, and you’re ready for business growth! Report this page