Initial Costs
It costs $300 to file for LLC Articles of Organization in Tennessee.
Additional Membership Charges
Additional $50 per member is charged.
Considerations for Starting a Business
If starting a business in Tennessee, consider: capital requirements, time requirements, industry trends, profit potential.
Registering a Business
Registering a business involves: seeking funding, applying for grants.
Tennessee ranks 7th best state for businesses. Download starting a business workbook.
Steps to Form a Business
Steps to form a business include:
- Create business plan
- Choose entity
- Seek funding
Additional Costs
Additional costs include: business licenses, taxes, annual fees.
Pay yourself from LLC by taking owner draws. File annual report for $50 in Tennessee.
Name your Tennessee business for free. Get business licenses for your LLC.
Tennessee ranks 3rd lowest for business costs due to economy, education, capital access.
Costs and Types of LLCs
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 compare it with LegalZoom LLC costs to determine if the costs line up, or if you can get a discount.
When determining how to start an LLC, there are several types of LLCs to choose from. One example is a Single-member LLC: This LLC is owned and operated by a single person.
LLC Registration and Annual Costs
For registering an LLC in Tennessee, the main cost is $300.00 for filing your Certificate of Formation. You also need to file an annual report yearly for $300.00. Additional costs include an EIN, licenses, taxes, and registered agent fees.
Discover the costs of starting an LLC in Tennessee, and determine if this flexible business structure aligns with your company’s goals and needs.