If an individual or a group of individuals wishes to establish an LLC or a corporation in the State of Tennessee, they must file with the Tennessee Secretary of State Corporations. This Department will process any documents related to the formation of a company in Tennessee.
When an individual files with this Department, he/she will be permitted to benefit from the tax saving benefits and asset protection associated with incorporation in the State of Tennessee. In the event that an individual establishes a limited liability company in Tennessee, he/she will gain liability protection and tax benefits.
If a corporation is registered as a domestic corporation in another state, it must acquire foreign corporation licenses before it will be permitted to operate in the State of Tennessee. It is important for an individual to ensure that all of the necessary steps are completed so that he/she will be permitted to operate a business in Tennessee.
An individual can register his/her business with the Tennessee Secretary of State Corporations online. This service allows business registration to be quick and convenient. Online, this Department will provide individuals with detailed information regarding the filing process for specific types of businesses and corporations. For example, there are different filing procedures necessary to register a non-profit organization and a limited liability company.
In addition, the corporation will allow individuals to determine what corporation names are available for use and change pertinent information online, including the business mailing address. The Tennessee Secretary of State Corporations produces an annual report regarding businesses in the State and also provides individuals with access to frequently asked questions in the State of Tennessee.