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The annual report fee for LLCs is $300 minimum up to a maximum of $3000. The fee increases by an additional $50 per member for every member over 6 members up to a maximum of $3,000.
How much does an LLC cost in Tennessee?
How much does it cost to form an LLC in Tennessee? The Tennessee Secretary of State charges $50 per LLC member included in the filing, with a minimum total fee of $300. The filing fee cannot exceed $3,000 for the Articles of Organization. A convenience fee will also be charged when paying online by credit card.
How do I write a single member LLC operating agreement?
What To Include in a Single-Member LLC Operating Agreement Name of LLC. Principal Place of Business. State of Organization/Formation. Registered Office and Registered Agent. Operating the LLC in Another State (Foreign LLC) Duration of LLC. Purpose of LLC. Powers of LLC.
Are LLC operating agreements legally binding?
Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its terms. Why do you need an operating agreement? To protect the business limited liability status: Operating agreements give members protection from personal liability to the LLC.
What is needed for an LLC in Tennessee?
Tennessees requirements include: Registered agent. LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in Tennessee. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
What should be contained in an operating agreement for an LLC?
The functionality of internal affairs is outlined in the operating agreement including but not limited to: Percentage of members ownership. Voting rights and responsibilities. Powers and duties of members and managers.
Does TN require a LLC operating agreement?
The state of Tennessee does not require an LLC Operating Agreement, but it may still be recommended for many LLCs. Without an Operating Agreement, disputes are governed by the default LLC operating rules outlined in Tennessee law (Tenn. Code Tit. 48-201-101 through 48-250-115).
Related links
Business Forms Fees | Tennessee Secretary of State
Tennessee. Secretary of State. Tre Hargett. Main $200. Certificate of Conversion (Limited Liability Partnership to Limited Liability Company) (PDF, 391.3KB).
Free Tennessee LLC Operating Agreements (2) - PDF | Word
A Tennessee LLC operation agreeing lives created by the members of a company which is used to conduct its business concerns. The agreement also involves terms
Limited Liability Companies in Delaware and Tennessee
by VL Mayfield 2004 Cited by 1 Under the Tennessee Act, board-managed LLCs must have an operating agreement in writing to be effective; in. Delaware such agreements are optional and may be
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