The cost will depend on the number of members. The registration fee will be $50 per member. The minimum fee is $300. The maximum is $3,000. If an LLC has 1-6 members, the owner pays $300. For over 60 members, the fee is $3,000.
The cost of local permits varies. Tennessee LLCs pay $300 per year for the Annual Report to the Secretary of State. This is the only state-required annual fee. LLCs must pay ongoing Annual Report fees to remain in good standing. The annual subscription fee for a Registered Agent service is usually about $125 per year.
For a Tennessee foreign LLC, the cost is also $50 per member, with the same minimum and maximum fees. Registration involves filing an Application for Certificate of Authority (Form SS-4233).
Optional LLC Formation Costs
Optional costs include:
- LLC Name Reservation
- Registered agent services
- Document preparation
- Legal advice
Understanding the Expenses
Costs include the Tennessee LLC Filing Fee for Articles of Organization, which ranges between $300 and $3,000, depending on member count. Additional costs might be applicable for name reservation fees, licenses, taxes, and other annual fees. Tennessee has an extra fee per member, which may raise overall expenses.
Name Reservation
For operating legally in Tennessee, a unique LLC name is needed. You can reserve a business name for 120 days at a cost of $20. Extending the reservation duration also costs $20.
Forming an LLC
An LLC costs $300 to $3,000, depending on the number of members. Aside from the basic fees, you might also incur costs for registered agent services, ranging from $100 to $300. LLC formation costs in Tennessee could be different than those in other states due to the per-member fee.
Annual Costs and Additional Fees
LLCs must file an Annual Report with a fee of $300 to $3,000. Regarding tax, LLCs are treated as “pass-through” entities. For branding, investing in a website domain and social profile could be valuable for the business.
To start an LLC in Tennessee, one should consider initial costs like the state filing fee and possible business license fees based on location and industry. These costs vary. The basic filing fee for starting an LLC is $300, plus potential costs for obtaining necessary permits and insurance.
After setting up, the branding elements such as a website domain and social media profiles can be an essential investment.
Registering a foreign LLC in Tennessee involves a fee of $50 per member, with a minimum of $300 and a maximum of $3,000. The required form is the Application for Certificate of Authority (Form SS-4233).