Form a Tennessee Corporation – Form a corporation in Tennessee – Form a Tennessee S corp

Sun Corporate Filings can help you form a Tennessee corporation with the Tennessee Secretary of State on an expedited basis. To form a corporation in Tennessee or form a Tennessee subchapter S corporation, you must file the Tennessee Articles of Incorporation with the Tennessee Secretary of State. Sun can incorporate your Tennessee S corporation or register your C corporation in Tennessee so you can spend your time focusing on your Tennessee corporation's success.

We can form a Tennessee general stock corporation or a Tennessee Subchapter (Tennessee S Corp.) corporation for you at a low cost. Let us make the Tennessee incorporation process quick and painless for you by preparing and filing the Tennessee Articles of Incorporation with the Tennessee Secretary of State on your behalf. Questions? 888 595-2747

To form a Tennessee corporation online, click here to see the costs and time turnaround options for Tennessee corporations.

How do I form a Tennessee Corporation?

There is no need to ask, "How do I form a Tennessee Corporation?" because we know how to incorporate in Tennessee form start to finish. First, we check corporate name availability with the Tennessee Secretary of State. Second, we prepare the Tennessee Articles of Incorporation. Third, before we form the Tennessee corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Tennessee Secretary of State. Fifth, when the Tennessee Secretary of State files the Tennessee Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Tennessee simple and fast!

What are the advantages of forming a Tennessee Corporation?

There are many advantages of forming a Tennessee corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Tennessee corporation form purchasing stock. Since the Tennessee corporation is an independent legal entity, the Tennessee corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Tennessee corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Tennessee corporation. Ownership in a Tennessee corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Tennessee corporation itself. Another advantage of forming a Tennessee corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Tennessee Corporation?

After we form a Tennessee corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Tennessee corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Tennessee corporation. If you purchase our Tennessee premium package, EIN obtainment is included for your Tennessee corporation.

How do I form a Tennessee S Corporation?

If you want to form a Tennessee S corporation or Tennessee sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Tennessee S corporation starts as a general stock corporation (C corporation). To obtain or to form a Tennessee S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Tennessee S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Tennessee C corporations below. By obtaining S corporation status in Tennessee, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Tennessee S corporation's shareholders include their share of the Tennessee Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Tennessee?

Generally most people form Tennessee C corporations that plan on publicly trading the corporation's stock. Since Tennessee S corporations cannot have more than 75 shareholders, choosing to maintain a Tennessee C corporation allows for 76 shareholders or more. A Tennessee C corporation can have multiple classes of stock such as preferred and common shares. A Tennessee C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Tennessee S corporations desirable. However, a Tennessee S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Tennessee corporation online, click here to see the costs and time turnaround options for Tennessee corporations.

How do I obtain or prepare corporate bylaws for my Tennessee Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Tennessee corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Tennessee corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Tennessee corporation?

The corporate bylaws serve as a blueprint for your Tennessee corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Tennessee bylaws contain the number of directors and their names. Tennessee bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Tennessee corporation bylaws is to create "rules" on how the Tennessee corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Tennessee bylaws will reference a list of shareholders in alphabetical order that includes Tennessee shareholder's names, addresses, titles held with the Tennessee corporation, and the amount of shares the shareholder owns in the Tennessee corporation.

What is a Tennessee corporate seal?

After the Tennessee corporation prepares its bylaws or has Sun prepare the bylaws, the Tennessee corporation will need a corporate seal. What is a Tennessee corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Tennessee corporation was formed. Many banks and other lending institutes require Tennessee corporations to possess and use a corporation seal on business documents or loan papers. All Tennessee corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Tennessee corporation kit?

The Tennessee corporate kit is typically a hardbound binder that contains all of the Tennessee corporation's important documents such as the Tennessee Articles of Incorporation and bylaws. All the Tennessee corporation kits that Sun sells include having the Tennessee corporation's name hot stamped (professional imprint of the Tennessee corporation's name) on the spine. Most Tennessee corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Tennessee corporate kit is stock certificates. All of the Tennessee corporate kits that Sun sells contain 20 custom stock certificates that include the Tennessee corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Tennessee corporation, you can order a Tennessee corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Tennessee corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Tennessee bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Tennessee corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Tennessee corporation.

To form a Tennessee corporation online, click here to see the costs and time turnaround options for Tennessee corporations.

We wish you the best with your Tennessee corporation business venture! Questions? 888 595-2747