LLC Notices, Resolutions and other Operations Forms Package - Tennessee 2025

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There is no limitation on the number of members in an LLC. However, certain elements of structure are requirements for an LLC. Your LLC must have a name that is unique and is not the same or confusingly similar to another business. In addition, the name must contain the term LLC or Limited Liability Company.
How to start an LLC in Tennessee in 12 steps Name your Tennessee LLC. Create a business plan. Choose a registered agent. File your Articles of Organization. Get your tax numbers. Secure business licenses and permits. Understand Tennessee business tax requirements. Prepare your operating agreement.
Tennessee requires LLCs to file an annual report and pay a franchise tax. The annual report is due on or before the first day of the fourth month following the close of the LLCs fiscal year. The filing fee is $50 per member, with a minimum fee of $300 and a maximum fee of $3000.
A written operating agreement is not legally required for most Tennessee LLCs (the exception being director-managed LLCs). Even so, having a written operating agreement is essential for opening a business bank account, heading off disagreements between members, and bolstering your limited liability status.
Corporations and Associations 48-207-102. (a) RESERVING A NAME. A person may reserve the exclusive use of an LLC name, including an assumed name, by delivering an application to the secretary of state for filing. The application must set forth the name and address of the applicant and the name proposed to be reserved
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Who can form an LLC? Typically, there are no residency or legal restrictions as to who can start an LLC. However, a few states impose requirements that members and/or managers must be at least 18 years of age, or the age of consent.
An organization that fails to submit the report by 90 days will be responsible for a $10.00 per month late fee. If a report is not filed at all, action may be taken against the organization. Failure to timely file in 2 of 3 consecutive gaming event periods could result in disqualification from conducting future events.

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