Start a Tennessee LLC with Form Wise
Starting a Tennessee LLC is a smart move for entrepreneurs who want personal liability protection and flexibility in business operations. Tennessee offers a business-friendly environment with strong infrastructure, a skilled workforce, and competitive tax incentives. Form Wise helps guide you step by step in launching your Tennessee LLC with clarity and confidence.
What Is a Tennessee LLC?
A Tennessee LLC, or Limited Liability Company, is a legal business entity that protects its owners (known as members) from personal liability for the business’s debts and obligations. Tennessee LLCs combine the benefits of corporate liability protection with the simplicity and flexibility of a sole proprietorship or partnership. With a Tennessee LLC, you also have choices in how your business is taxed and managed.
How to Start a Tennessee LLC
Follow these steps to officially register and operate your Tennessee LLC:
Step 1: Name Your Tennessee LLC
Your Tennessee LLC must have a unique name that complies with Tennessee naming guidelines. It must include “Limited Liability Company,” “LLC,” or “L.L.C.” and be distinguishable from other businesses registered in Tennessee.
Apply now, pick a name and we will verify the availability!
Step 2: Appoint a Registered Agent in Tennessee
Every Tennessee LLC must appoint a registered agent with a physical street address in Tennessee. The registered agent is responsible for receiving service of process and official government notices. This can be an individual Tennessee resident or a business entity authorized to do business in Tennessee.
Get in touch with us and we will refer a Registered Agent!
Step 3: File Articles of Organization with the Tennessee Secretary of State
To officially form your Tennessee LLC, you must file Articles of Organization with the Tennessee Secretary of State’s Division of Business Services. You will need to include information such as your LLC’s name, registered agent, business address, and whether your LLC will be member-managed or manager-managed.
You can file for a domestic LLC with Form Wise!
Step 4: Create an Operating Agreement for Your Tennessee LLC
While Tennessee does not require an operating agreement by law, it is highly recommended. An operating agreement outlines the management structure, ownership, voting rights, profit sharing, and operational procedures of your Tennessee LLC. It helps solidify your LLC’s legal structure and reduces the risk of future disputes among members.
Contact us if you need help with your Operating Agreement
Step 5: Obtain an EIN for Your Tennessee LLC
Your Tennessee LLC will likely need an Employer Identification Number (EIN) from the IRS. This number is used for federal tax reporting, hiring employees, and opening a business bank account.
Start processing your EIN online now!
Step 6: Register for Tennessee Business Taxes
Depending on your business activities, your Tennessee LLC may need to register with the Tennessee Department of Revenue. Tennessee imposes a franchise and excise tax on most LLCs. You may also need to register for sales and use tax, business tax, or employer tax. Register online at the Tennessee Taxpayer Access Point (TNTAP).
Step 7: Get Tennessee Business Licenses and Permits
Many Tennessee LLCs will need state or local business licenses or permits to operate legally. Licensing requirements depend on your business type and location. Use the Tennessee Smart Start Business Portal to determine your licensing needs and apply for necessary permits.
Step 8: File Your Tennessee LLC Annual Report
Tennessee LLCs are required to file an annual report with the Secretary of State to keep business information up to date. The filing is due by the first day of the fourth month following your LLC’s fiscal year end. You can file your report online through the Tennessee Annual Report Portal.
Need help with your Annual Filings and Reporting?
Benefits of a Tennessee LLC
Choosing to form an LLC in Tennessee offers numerous advantages:
- Personal liability protection for members of your Tennessee LLC
- Flexible structure for management and tax election
- No personal income tax at the state level
- Access to state-backed business development programs
- Strong infrastructure and growing economy
- Streamlined filing through Tennessee’s online portals
Maintain Your Tennessee LLC
Once your Tennessee LLC is formed, maintaining it involves ongoing compliance:
- Keep a registered agent with a valid Tennessee address
- File your annual report on time with the Secretary of State
- Pay Tennessee franchise and excise taxes if applicable
- Maintain required business licenses and permits
- Update your operating agreement as needed
Start Your Tennessee LLC Today with Form Wise
Form Wise is your trusted partner for forming a Tennessee LLC. From preparing your Articles of Organization to registering for state taxes and beyond, Form Wise simplifies the entire process. Let us help you start and grow your Tennessee LLC with confidence, compliance, and peace of mind. Start your Tennessee LLC today with Form Wise.
