To start an LLC in Tennessee costs $300, plus an additional $50 filing fee per member of your LLC, which caps out at $3,000. That’s not bad when you consider all the amazing benefits you’ll enjoy as an LLC. In this post, we’ll cover all the additional costs of starting a Tennessee LLC, and guide you through the process so you can avoid paying any additional fees.
Initial and Ongoing Costs of Starting an LLC in Tennessee
In Tennessee, LLCs are generally treated as “pass-through” entities for tax purposes. Instead, profits and losses are passed through to the individual members, who report that income on their personal tax returns. However, LLCs may be subject to certain state taxes.
The main cost to start an LLC in Tennessee is $300.00 for filing your Certificate of Formation. You will also need to file an annual report with the state of Tennessee on a yearly basis, which also costs $300.00.
In addition to starting your LLC, you should also take the time to build an online presence for your brand. Getting a website domain and social media profile is ideal for providing a point of contact between yourself and customers. It is a worthwhile investment for your brand.
Registering a Foreign LLC in Tennessee
The cost for registering a Tennessee foreign LLC is $50 per member, with a minimum fee of $300 and a maximum fee of $3,000. You can register a foreign LLC in Tennessee by filing an Application for Certificate of Authority (Form SS-4233).
Discover the costs of starting an LLC in Tennessee, and determine if this flexible business structure aligns with your company’s goals and needs. LLCBase supports you every step of the way, covering everything from initial setup fees to ongoing expenses. Dive into the dynamic world of Tennessee LLCs and make informed decisions that make your business successful.