Here are some additional requirements of Tennessee LLC’s -
The Articles of Organization creating the LLC must include the following information - LLC's name and address; the name and address of the LLC’s registered agent; whether the LLC will be member-managed or manager-managed; and the LLC's duration, if not perpetual. The Articles must be filed by mail. The filing fee is $50 per LLC member. The minimum fee is $300; the maximum fee is $3,000.
Every Tennessee LLC must have an agent for service of process in the state. This is an individual or business entity that agrees to accept legal papers on the LLC’s behalf if it is sued. The registered agent may be a Tennessee resident or a business entity authorized to do business in Tennessee. The registered agent must have a physical street address in Tennessee.
Tennessee does not require an LLC to have an Operating Agreement, but it is highly advisable, but it does not have to be filed with the Secretary of State.
Tennessee does not have a publication requirement that the LLC was formed.
If the LLC has more than one member, it must obtain its own IRS Employer Identification Number (EIN), even if it has no employees.
Depending on its type of business and where it is located, your LLC may need to obtain other local and state business licenses.
All Tennessee LLCs and foreign LLCs authorized to do business in the state must file an annual report with the Tennessee Secretary of State and pay a $50 filing fee per member (minimum of $300 and maximum of $3,000). Annual reports are due on or before the first day of the fourth month following the LLC's fiscal year closing. Annual reports may be filed online at the Tennessee Secretary of State website or mailed.
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