How to Start a Business in Tennessee (Step by Step Guide)

Starting Business in TennesseeAre you thinking about starting your own business in Tennessee? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Tennessee. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Tennessee.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in Tennessee

Agency ResponsibleTennessee Secretary of State – Business Services Division
Form(s) to be filledArticles of Organization (Form SS-4270)
ModeMail, Online, In-peron
Name ReservationOptional, Fee $20 (Mail)
Filing FeeMinimum $300
TimeBy Mail: 4 days, Online: 2 day, In-person: Instant
LawTennessee Code § 48-203-101


Summary:

  1. Search for business name availability on Tennessee SOS website
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Articles of Organization (Form SS-4270)
  5. Prepare an Operating Agreement
  6. Get an EIN Number (IRS Form SS-4)
  7. Create Bylaws
  8. Get Federal EIN Number
  9. Obtain business license and permit
  10. File state tax and annual report

How to Start a Corporation in Tennessee

Agency ResponsibleTennessee Secretary of State – Business Services Division
Form(s) to be filledFor Profit Charter – Domestic (ss-4417)
ModeMail, Online, In-peron
Name ReservationOptional, Fee $20 (Mail)
Filing Fee$100
TimeBy Mail: 4 days, Online: 2 day, In-person: Instant
LawTN Corporations and Associations § 48-12-103

Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation(Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation (Form SS-4417)
  5. Create Bylaws
  6. Get Federal EIN Number
  7. Obtain business license and permit
  8. File state tax and annual report



References:
https://law.justia.com/codes/tennessee/2010/title-48/chapter-249/
https://law.justia.com/codes/tennessee/2010/title-48/
Last fact-checked on 25/07/2018

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Tennessee Business Entity & Corporation Search

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