In Tennessee, businesses are required to obtain a standard business license if their gross annual receipts are at least $10,000. Local licenses may also be necessary. Businesses with receipts ranging from $3,000 to $9,999 can choose between a minimal activity license or a standard business license. It is important to research and comply with local jurisdiction regulations.
Registering Your Business in Tennessee
When registering your Tennessee LLC, you should file Form SS-4270 with the Tennessee Secretary of State. The filing fee varies based on the number of members and can range from $300 to $3,000. Additionally, all business owners in Tennessee must file a Report to Determine Status to determine if their business is liable for unemployment insurance tax.
Steps to Obtaining a Tennessee Business License
- Determine the type of license needed.
- Obtain a general business tax license.
- Acquire a standard license for your physical location.
- Get zoning permits or home occupation permits.
Business owners must comply with regulations to ensure legal operation and avoid penalties.