Announcement of Fee Adjustment in October 2022
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Tennessee, officially the State of Tennessee, is a state in the Southeastern United States. It is bordered by eight states, with Kentucky to the North, Virginia to the Northeast, North Carolina to the East, Georgia, Alabama, and Mississippi to the South, Arkansas to the West, and Missouri to the Northwest.
The Appalachian Mountains dominate the Eastern part of the state, and the Mississippi River forms its Western border. Tennessee has a total area of 42,143 square miles (109,247 km2).
In 2019, the real GDP of Tennessee was $330.8 billion. The GDP per capita of Tennessee was $48,440 in 2019.
Tennessee has a reputation as a low-tax state and is usually ranked as one of the five states with the lowest tax burden on residents.. Tourism contributes billions of dollars every year to the state's economy, and Tennessee is ranked among the Top 10 destinations in the nation. Tennessee's electric utilities are regulated monopolies, as in many other states. As of 2019, the Tennessee Valley Authority owned over 90% of generating capacity.
Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
---|---|---|
Corporate Tax Rate | Tennessee's excise tax, which effectively is an income tax, is a flat 6.5% tax on net earnings from doing business in the state. | |
Company Name | The LLCs’ name must contain the words “Limited Liability Company,” “LLC” or “L.L.C.” The proposed name must be unique and available in Tennessee. | The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof. The proposed name must be unique and available in Tennessee. |
Board of Directors | Minimum of one manager & member required for an LLC. Tennessee has no age and residency requirements for managers/members. The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required. | Minimum of one director & shareholder required for a corporation. Tennessee has no age and residency requirements for directors/shareholders. The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation. |
Other requirement | Annual Report: LLCs in Tennessee are required to file an Annual Report. The due date is by the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1. Registered Agent: A registered agent is a person or agency that is set up to accept notices and service of process for your LLC. Employer Identification Number (EIN): EIN is a tax ID for businesses. It stands for "Employer Identification Number," and is a nine-digit number used to identify an LLC for tax purposes. | Annual Report: Corporations in Tennessee are required to file an Annual Report. The due date is by the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1. Stock: In the Articles of Incorporation, corporations must list the authorized shares. Registered Agent: There must be a way to contact the Tennessee corporations for legal purposes, and a designated registered agent is the way to do so. Employer Identification Number (EIN): Employer Identification Numbers are issued for the purpose of tax administration and are not intended for participation in any other activities (auction, sales, etc.). |
Select basic Resident/Founder nationality information and other additional services that you want (if any).
Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).
Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Tennessee is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
From
US$ 599Limited Liability Company (LLC) | From US$ 599 | |
Corporation (C- Corp and S-Corp) | From US$ 599 |
General Information | |
---|---|
Type of Business Entity | Limited Liability Company (LLC) |
Corporate Income Tax | Yes - 6.5% |
British Based Legal System | No |
Double Tax Treaty Access | No |
Incorporation Time Frame (Approx., days) | 2 - 3 working days |
Corporate Requirements | |
---|---|
Minimum Number of Shareholders | 1 |
Minimum Number of Directors | 1 |
Corporate Directors Permitted | Yes |
Standard Authorized Capital/Shares | N/A |
Local Requirements | |
---|---|
Registered Office/ Registered Agent | Yes |
Company Secretary | Yes |
Local Meetings | No |
Local Directors / Shareholders | No |
Publicly Accessible Records | Yes |
Annual Requirements | |
---|---|
Annual Return | Yes |
Audited Accounts | Yes |
Incorporation Fees | |
---|---|
Our Service Fee (1st year) | US$ 599.00 |
Government fee & Service charged | US$ 300.00 |
Annual Renewal Fees | |
---|---|
Our Service Fee (year 2+) | US$ 499.00 |
Government fee & Service charged | US$ 300.00 |
General Information | |
---|---|
Type of Business Entity | Corporation (C-Corp or S-Corp) |
Corporate Income Tax | Yes - 6.5% |
British Based Legal System | No |
Double Tax Treaty Access | No |
Incorporation Time Frame (Approx., days) | 2 - 3 working days |
Corporate Requirements | |
---|---|
Minimum Number of Shareholders | 1 |
Minimum Number of Directors | 1 |
Corporate Directors Permitted | Yes |
Standard Authorized Capital/Shares | N/A |
Local Requirements | |
---|---|
Registered Office/ Registered Agent | Yes |
Company Secretary | Yes |
Local Meetings | No |
Local Directors / Shareholders | No |
Publicly Accessible Records | Yes |
Annual Requirements | |
---|---|
Annual Return | Yes |
Audited Accounts | Yes |
Incorporation Fees | |
---|---|
Our Service Fee (1st year) | US$ 599.00 |
Government fee & Service charged | US$ 300.00 |
Annual Renewal Fees | |
---|---|
Our Service Fee (year 2+) | US$ 499.00 |
Government fee & Service charged | US$ 300.00 |
Services and Documents Provided | Status |
---|---|
Agent Fee | |
Name Check | |
Preparation of Articles | |
Same-day Electronic Filing | |
Certificate of Formation | |
Digital Copy of Documents | |
Digital Corporate Seal | |
Lifetime Customer Support | |
One Complete Year (12 Full Months) of Tennessee Registered Agent Service |
Certificate of Incorporation | Status |
---|---|
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
Submission of application to the Registrar of Companies |
To incorporate a Tennessee company, the client is required to pay the Government Fee, US$ 300, including
Services and Documents Provided | Status |
---|---|
Agent Fee | |
Name Check | |
Preparation of Articles | |
Same-day Electronic Filing | |
Certificate of Formation | |
Digital Copy of Documents | |
Digital Corporate Seal | |
Lifetime Customer Support | |
One Complete Year (12 Full Months) of Tennessee Registered Agent Service |
Certificate of Incorporation | Status |
---|---|
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
Submission of application to the Registrar of Companies |
To incorporate a Tennessee company, the client is required to pay the Government Fee, US$ 300, including
Description | QR Code | Download |
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Business Plan Form PDF | 654.81 kB | Updated time: 06 May, 2024, 16:59 (UTC+08:00) Business Plan Form for Company Incorporation |
Description | QR Code | Download |
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Company Profile PDF | 3.31 MB | Updated time: 30 Sep, 2024, 12:45 (UTC+08:00) Discover our company profile to gain a deeper understanding of who we are |
Description | QR Code | Download |
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View more detailed information on Incorporation requirements
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