Tennessee LLC Costs and Filing Requirements
Forming and running an LLC in Tennessee attracts certain fees and costs. Your TN LLC needs to pay various fees to the federal government, Tennessee state government and other agencies. Some of these fees are levied by the Tennessee Secretary of State or statewide organizations, while others come from the federal government. On this page, we’ve summarized the most common fees and requirements.
Note that State of Tennessee business licenses and permits might need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
Tennessee LLC Formation Filing and Fees
To create your business in Tennessee, you’ll file an LLC with the TN Secretary of State and pay an associated LLC formation fee. Every state has different LLC filing fees and filing times. Here is the current information for Tennessee:
||State Filing Time
||Expedited Filing Time
||5 Business Days
||1 Business Day
When you incorporate through Incfile, we forward this fee to the Tennessee Secretary of State on your behalf when we file your paperwork. Some states allow you to form your LLC more quickly by paying a rush fee. You can compare state filing times and fees here, including expedited fees for Tennessee.
Incorporate your Tennessee LLC through Incfile today
Getting an Employer Identification Number/Tax ID Number for Your TN LLC
Every Tennessee LLC should have a unique employer identification number (EIN). These are provided by the Internal Revenue Service, and you use them when filing taxes, opening a business bank account and paying employees. You can get one yourself at no cost from the IRS or have Incfile obtain one on your behalf.
Get an EIN for your Tennessee LLC through Incfile
Certificate of Authority to Operate Outside Tennessee
If you’re expanding your Tennessee LLC beyond the borders of the state, you will need a Foreign Qualification or Certificate of Authority to operate in another state. These are typically necessary if you have a physical presence, employees or banking in a different state than Tennessee. Fees and requirements for foreign qualifications depend on each state’s rules. Incfile provides a complete Foreign Qualification service for any state.
Get a Foreign Qualification/Certificate of Authority through Incfile
Tennessee LLC Annual Reporting and Fees
Most states, including Tennessee, need you to file an annual (or other periodic) report with their secretary of state. When you file your TN LLC Annual Report, you may need to pay a fee. Here are the annual filing requirements for Tennessee:
Due Dates: Calender Year: April 1st.
Fiscal Year: 1st day of 4th month following close of fiscal year.
Learn about your ongoing Tennessee LLC filing requirements and business filing deadlines with our helpful Tennessee ongoing filing lookup tool.
Incfile can also complete and file your Tennessee Annual Report on your behalf.
Incfile’s Tennessee Annual Report filing service
State of Tennessee Business Licenses and Permits
Your Tennessee LLC may need certain licenses and permits to comply with specific requirements. These business permits and licenses might be issued by Tennessee, regional or federal organizations. Some of the associated fees only need to be paid once, while others have ongoing charges.
Permits and licenses vary based on:
The industry your Tennessee LLC operates in (e.g., restaurants will need health permits)
The location of your Tennessee LLC (state, county or city) (e.g., a license to conduct business from the city of Nashville)
The type of business that you run (e.g., healthcare providers must meet HIPAA requirements)
You can research these permits and licenses yourself or use Incfile’s Business License Research Package, which includes:
A complete report on all the licenses, permits and tax registrations your Tennessee LLC will need
The application forms you will need to file with the Tennessee, regional and federal licensing authorities
Remember that operating your business without the required licenses can expose you to risks and fines from federal, Tennessee and local governments.
Incfile’s Tennessee Business License Research Package
An Operating Agreement for Your Tennessee LLC
An Operating Agreement is a business document that covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas.
An Operating Agreement is extremely useful for several reasons (learn about them here). If you’re interested in having your Operating Agreement created for you, Incfile can draft a general Operating Agreement template when you choose to form your Tennessee business. You can choose to make changes to the template based on your unique requirements.
Ad Hoc Tennessee Fees or Requirements for Your TN LLC
There are several other fees or requirements that you may need to meet during the life of your Tennessee LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
To Obtain an Assumed Name for Your Tennessee LLC
If you want your TN business to trade under a different name, you can file a form with the Tennessee Secretary of State. You will need to pay a Tennessee filing fee. Incfile can file this form on your behalf.
Incfile’s Tennessee Fictitious Name service
To Change the Tennessee Registered Agent for Your TN LLC
Your Tennessee LLC needs a Registered Agent, which must be appointed when you first incorporate your LLC. You can also switch to a new TN Registered Agent later. Incfile provides a complete Tennessee Registered Agent service.
Incfile’s Tennessee Registered Agent service
To Reserve a Name for Your Tennessee LLC
If you don’t want to form your TN business right away, you can reserve a name with the Tennessee Secretary of State. You will need to pay a small fee to do this.
To Amend Certain Facts About Your Tennessee LLC
Your business formation documents state certain facts about your Tennessee business when it was originally formed. Over time, these facts might change — if they do, you need to file “Articles of Amendment” with the Tennessee Secretary of State. You can do this yourself or have Incfile complete the filing on your behalf.
Areas you might want to file Tennessee Articles of Amendment for include:
Adding, removing or changing a Tennessee LLC member or manager
Changing the business address of your LLC
Altering the stated business activities of your Tennessee LLC
Incfile’s Tennessee Articles of Amendment service
To Get a Certificate of Good Standing for Your Tennessee LLC
Some organizations will request that you prove your Tennessee LLC’s compliance with laws and tax requirements. If you need to prove you have met your commitments, you will need a “Certificate of Good Standing” from the Tennessee Secretary of State. Incfile can obtain a certificate on your behalf.
Incfile’s Tennessee Certificate of Good Standing service
The fees listed above detail all the charges that a standard TN LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your Tennessee LLC will also probably need to pay self-employment, payroll, federal, state and sales taxes, but we will cover that when we talk about taxes for TN LLCs.
FAQs About Tennessee LLC Fees
What Happens to the State Fees That I Am Charged When Forming My Tennessee LLC?
We charge you for this fee at cost and then pay the fee to the secretary of state on your behalf when forming your Tennessee business.
Do I Need to Pay an Annual Report Fee Every Year?
Yes. Tennessee requires you to file a report for your LLC every year. You can find out more on the compliance page for your state.
Who Will I Need to Get Business Licenses and Permits From for My Tennessee LLC?
It depends on various factors including:
The type of business you run
Where you are located
Governing organizations in your industry
Federal, state and local regulations
That’s why our Business License Research Package is so useful. It explores all of these areas for you and provides a comprehensive overview of exactly what your Tennessee LLC needs to be compliant.