Incorporate your business in Tennessee;
Our Incorporation information is to help you with the small
business startup process. The Tennessee Incorporation info can
help answer questions like "How do I form an LLC in Tennessee?"
or "What type of Incorporation entity should I be? An Tennessee
S-Corporation or an Tennessee C-Corporation?" or "What are the
requirements for an Tennessee Corporation?" It's easy to set up
an Tennessee Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must include the word "Corporation,"
Incorporated," "Company," or an abbreviation thereof, including
words or abbreviations in a foreign language. The name must
be distinguishable in the Secretary of State's records from
any corporate or assumed name of a domestic or qualified foreign
corporation, a reserved or registered name under Tennessee law,
or the name of a not-for-profit corporation, limited partnership,
or limited liability company.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The charter, bylaws, all amendments currently in
effect, shareholders' meeting minutes, a list of current
directors and officers including their addresses, and
the corporation's most recent annual report must be
kept at the principal office of the corporation.
Tax and Fees
Annual Statements
Every domestic and foreign corporation authorized
to transact business in Tennessee (except state and
national banks) must file an annual report with the
Secretary of State by the first day of the fourth month
following the close of the corporation's fiscal year.
The filing fee is $20.
Income Tax Rate
The excise tax is 6% of Tennessee income subject
to excise tax.
Franchise Tax
Corporations must also pay a franchise tax based
on the amount of stock of the corporation. The tax rate
is .25% of issued and outstanding capital stock, surplus,
and undivided profits as shown on the corporation's
books and records at the close of its last fiscal year
preceding the making of the required report. The minimum
tax is $100.
S Corporation
S Corporation status is not recognized by the state
of Tennessee.
License Requirements
Tennessee requires most businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
