How to Register a Sole Proprietorship in Tennessee (TN)
Learn how to Register a Sole Proprietorship in Tennessee (TN) and become a Tennessee Sole Proprietor today to establish your business!
Sole Proprietorship Setup Process in Tennessee
When it comes to being a sole proprietor in Tennessee, there is no formal setup process, and there are no fees involved with forming or maintaining this business type.
Cost of Starting and Registering a Sole Proprietorship in Tennessee
How much does it cost to start a business in Tennessee? Sole proprietorships have no startup costs concerning the Tennessee government. Tennessee charges LLCs between $300 and $3,000 to file the initial Articles of Organization, depending on the number of LLC members. Corporations must file a corporate charter for $100.
If you want to operate a Tennessee sole proprietorship, all you need to do is start working.
Starting a Business Structure in Tennessee
If you want to start a business in Tennessee, you must choose an appropriate corporate structure. Being a sole proprietor means you, as the business owner, are responsible for any profit or loss. The sole proprietorship is run through your Social Security Number.
Establishing an S-Corporation in Tennessee
Ranked 4th for ease of doing business, starting a business in Tennessee is a great choice for entrepreneurs.
How to Start a Sole Proprietorship in Tennessee
If you are launching your business alone, the simplest and cheapest business structure you can choose is a Sole Proprietorship.