We’ve compiled the most common fees associated with forming an LLC in Tennessee.
The average cost to start a business in Tennessee can include costs aside from filing your formation documents with the state. The fee for filing your Tennessee LLC’s Articles of Organization is only one of several costs you may encounter when starting your LLC. We describe many of the possible Tennessee LLC costs below:
$307
to $3,000Tennessee’s LLC filing fee varies depending on the number of members in the LLC. A Tennessee LLC costs a $50 filing fee for each LLC member, with a minimum cost of $307
. Whether you have one or six members, you must pay at least $307
to file your Articles of Organization. However, if you have more than 60 members, you’ll pay only $3,000 as your Tennessee LLC filing fee.
Sometimes, a business would like to reserve its prospective name before officially filing its Articles of Organization. While not required, some LLCs include the cost of an Application for Name Reservation in their assessment of how much an LLC is in Tennessee. Paying this fee to reserve your LLC’s prospective name will ensure that no one else takes it while you compile the information you need for your Articles of Organization.
Tennessee LLCs must pay a business license registration fee to the city or county where they are located.
Most LLCs in Tennessee or LLCs that do business in Tennessee have to register with the Tennessee Department of Revenue. The Tennessee LLC then must pay a minimum tax of $22 per location yearly. See the Tennessee Department of Revenue tax schedule to determine how much your LLC will have to pay.
Tennessee requires LLCs to have a Registered Agent. A Registered Agent is a person or entity with a physical office within the state and will accept legal documents on behalf of the LLC. You can serve as your LLC’s Registered Agent if you can perform these duties. However, you should keep in mind that you must be available during regular business hours to accept legal documents for your LLC.
When considering what it costs to start a business in Tennessee, many LLCs include the cost of hiring a professional Registered Agent in their assessment. This way, they can delegate this time-consuming task to someone outside of the LLC’s principal office.
If you want to hire a Tennessee Registered Agent but don’t know where to start, you’re in luck. We can help match you with a Tennessee Registered Agent that will meet your Tennessee LLC requirements.
The average cost to start a business in Tennessee may include more than just the Tennessee LLC filing fee and taxes. Below are additional fees that your LLC may encounter when starting up in Tennessee.
A Certificate of Existence is a document issued by the Tennessee Secretary of State showing that your LLC is in good standing. Sometimes you’ll need to provide this document to investors, partners, or financial institutions. You can request a Certificate of Existence from the Secretary of State online and pay a $20 fee by credit or debit card, plus a service charge. Otherwise, you can request a Certificate of Existence by preparing the request form online, mailing it in, and paying the $20 fee by check or money order.
If your LLC would like to do business under a name other than its legal name, you’ll need to register this assumed name with the Tennessee Secretary of State. An assumed name is sometimes called a DBA name, doing business as name, or trade name. The filing fee for registering your LLC’s assumed name is $20. You can file online or by mail.
The cost to start a business in Tennessee may be different than starting a business in another state. However, an out-of-state or foreign LLC must still register with the Tennessee Secretary of State to do business in Tennessee. An LLC formed in a state other than Tennessee will have to obtain a Certificate of Authority to do business in Tennessee. Like with a Tennessee-formed LLC, to get a Certificate of Authority, you must pay $50 per member, with a minimum payment of $300 and a maximum of $3,000.
Depending on the type of business you’ll be conducting, you may need a specific business license. The Tennessee Department of Commerce can help you find which license you may need. Plus, you can apply for the appropriate license on their website. Fees vary depending on the license you’re requesting.
You can get help from us if you don’t know what kind of business license your LLC needs. We’ve partnered with Avalara to help you determine whether you’ll require a business license and how to apply.
For just $0 plus state fees, we can form your Tennessee LLC for you in just minutes. No LegalZoom promo code required: Pay just $0 plus filing fees for fast LLC formation in Tennessee.
If you don’t pay your Tennessee LLC filing fee, you won’t have an LLC. The Tennessee Secretary of State won’t accept your LLC’s Articles of Organization for filing if you don’t pay your fee. This means that your business won’t be an LLC and will likely be treated as a sole proprietorship or general partnership.
If you can’t pay your Tennessee Articles of Organization filing fee to the Tennessee government, the Secretary of State will reject your Articles of Organization. Your LLC won’t exist, and you won’t enjoy the benefits of personal asset protection of an LLC.
The Secretary of State of Tennessee receives your LLC filing fees.
The largest fee you’ll pay when you form your Tennessee LLC is the filing fee for the Articles of Organization. This fee can range from a minimum of $307
to a maximum of $3,000.
If you file your Articles of Organization online, you can pay your Tennessee LLC filing fees by credit card or debit card, and you’ll have to pay a service fee. If, however, you file your Tennessee Articles of Organization by mail or in person, you can pay the filing fee by check or money order.
Address: 312 Rosa L. Parks Avenue 6th Floor, Snodgrass Tower Nashville, TN 37243-1102 | Office Hours: Monday – Friday 8:00 a.m. – 4:30 p.m. (CST) |
Telephone: (615) 741-2286 | Website: https://sos.tn.gov/ |
Getting your Tennessee LLC started can be difficult. Fortunately, we are here to help you navigate all of the ins and outs of forming your Tennessee LLC with our Tennessee LLC Formation service. Plus, we can help keep your business compliant with ongoing state requirements. Delegate these tasks to us so that you can focus on your business.
Disclaimer: The content on this page is for information purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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