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What happens if you don t file annual report LLC in Tennessee?

What happens if you dont file the Annual Report on time? While there are no late fees if the Annual Report isnt filed on time, if the report isnt filed within two months of the due date, the entity may be administratively dissolved by the Secretary of State.

Who has to file an annual report in Tennessee?

Any business registered in Tennessee is required to submit an annual report to the Secretary of State each year. Tennessee requires businesses to do this for two reasons. One, it allows the state to see which businesses are still actively operating in their state.

Do all companies need an annual report?

In general, most states require corporations and other businesses with shareholders to file annual reports. If they fail to do so, they may lose their corporate designation and the tax advantages that go with that designation.

Does Tennessee require an annual report?

Why Is a Tennessee Annual Report Required? Annual reports are required by statute in nearly every state. They provide state agencies with updated information on the entities registered in their state. Your company is required to file annual reports to maintain good standing and continue operating.

How often do you file an annual report in Tennessee?

Annually by the 1st day of the 4th month following your fiscal year-end. For entities with a 12/31 fiscal year-end, the due date is April 1 of each year. Reports can be submitted as early as the first day of the fiscal year ending month of record.

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