Forming an LLC in Tennessee|Creating an LLC in Tennessee might seem complicated, but it doesn’t have to be overwhelming. You’ll want to cover all necessary actions, from choosing the perfect name to ensuring you're compliant with government requirements. Getting familiar with what documents are required and how to protect your assets ahead of time may prevent issues later. Before you even think about submitting documents, though, there’s a key initial decision that sets the groundwork for what comes next.

 

 

How to Pick Your Tennessee LLC Name

Before you can officially form your LLC in Tennessee, you'll need to choose a unique name that complies with state requirements. Your name must include "Limited Liability Company" or an abbreviation like "LLC."

Make sure your desired name is available by checking the Tennessee Secretary of State’s records. Avoid restricted words that could cause confusion with government agencies, such as “bank” or “trust,” unless you get special permission.

If the name is free, you can reserve it for 120 days by submitting a reservation application and paying a fee.

 

 

Choosing Your Registered Agent in Tennessee

Your LLC needs a registered agent in Tennessee to handle legal notices and official correspondence.

The registered agent must have a physical street address in Tennessee, no P.O. boxes. You can serve as your own agent, hire a professional service, or designate another trusted individual or company.

Make sure your agent is dependable and available during regular hours to prevent missing critical notices.

 

 

Filing the Articles of Organization

The next step is to file the Articles of Organization to officially form your Tennessee LLC.

Complete and submit Form SS-4220 either online via the Tennessee Secretary of State’s portal or by mailing the completed form. It requires your LLC name, address, registered agent info, management structure, visit the website and intended duration.

Ensure accuracy when submitting; the fee of $300 must be paid, either online or via check. After approval, you’ll receive confirmation, and your LLC is officially recognized in Tennessee.

 

 

Drafting Your Tennessee LLC Operating Rules

While Tennessee doesn’t legally require an operating agreement, it’s highly recommended to create one. This document should outline management responsibilities, profit distribution, member duties, and procedures for decision-making or dissolving the LLC.

A well-drafted operating agreement can prevent disputes and show professionalism. It’s especially important if your LLC has multiple members. All members should review and sign the document, and keep it with your business records.

 

 

Maintaining Your Tennessee LLC’s Good Standing

Once your LLC is formed, ongoing compliance is essential to keep your business in good standing.

You’ll need to file an annual report along with a fee each year to maintain active status in Tennessee.

Ensure your records are up-to-date, and send in annual reports on time to avoid penalties or administrative dissolution.

 

 

Summary

Getting your LLC up and running in Tennessee is simple with these steps: pick a unique name, choose a good registered agent, file the formation documents, and create an operating agreement. Keep up with annual reports and licenses to stay compliant, and you’re ready for business growth!