Form a Tennessee LLC - Form an LLC in Tennessee – Sun makes Tennessee LLC formation easy!

Sun Document Filings can form a Tennessee LLC fast! Focus on forming your Tennessee LLC business plan and let us form your Tennessee LLC. Sun can form a Tennessee limited liablity company or register a Tennessee LLC correctly the first time. Let us make the Tennessee LLC formation process quick and painless for you by preparing and filing a Tennessee LLC Articles of Organization with the Tennessee Secretary of State on your behalf. Your time is better spent forming your Tennessee LLC business plan for a successful Tennessee LLC. Protect your assets and form a Tennessee single member LLC or a Tennessee multi-member LLC. Questions? 888 595-2747

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

How do I form a Tennessee LLC?

There is no need to ask, "How do I form a Tennessee LLC?" because we know how to form a Tennessee LLC from start to finish. First, we check LLC name availability with the Tennessee Secretary of State. Second, we prepare a Tennessee LLC Articles of Organization. Third, before we form a Tennessee LLC, we verify that the Articles of Organization are free of errors. Fourth, we will register a Tennessee LLC by filing a Tennessee LLC Articles of Organization with the Tennessee Secretary of State. Fifth, after the Tennessee Secretary of State files a Tennessee LLC Articles of Organization, we will return the filed document to you. We make forming a Tennessee LLC simple and fast!

What is a Tennessee LLC?

A Tennessee LLC or Tennessee limited liability company is a type of business entity that is independent of its owner(s). A Tennessee LLC can consist of one or more members which may be individuals, partnerships, trusts, estates, associations, corporations, other limited liablity companies (LLC), or other business entitites as allowed by the state of formation. The members of a Tennessee LLC are afforded limited liablity similar to shareholders of a corporation and are allowed pass-through taxation benefits that is comparable to a partnership. Forming a Tennessee LLC can be the best of both worlds.

What are the advantages of forming a Tennessee LLC?

A Tennessee LLC or Tennessee Limited Liability Company combines the advantages of a corporation and a partnership. The members of a Tennessee LLC are allowed limited liability protection of a Tennessee corporation with the pass-through taxation of a partnership. All personal assets of the members are protected from creditors for debt and from judgments against a Tennessee LLC. Provided a member did not use their personal assets to secure loans or personally guarantee the debt for a Tennessee LLC. Unlike a Sub-Chapter S Corporation whose shareholders are limited to 75, there is no limit to how many members a Tennessee LLC can have. For the flexibility and taxation benefits, LLC’s have become very desirable to business owners.

How do I decide if I should form a Tennessee LLC or Tennessee S corporation?

- Most business owners that decide to form a Tennessee limited liablity company (LLC) do so because of its flexibility in taxation.
- A Tennessee S corporation eliminates double taxation but it lacks the flexibility of a Tennessee LLC in distribution of income to the owners.
- A Tennessee LLC can have several classes of membership interests and can consist of one or more members (in most states) which may be individuals, partnerships, limited partnerships, trusts, estates, associations, corporations, foreign nationals, other limited liability companies or other business entities.
- A Tennessee S corporation can only be owned my individuals, issue only one type of stock, and is limited to no more then 75 shareholders.
- For more information, view our Entity Comparison Table. The Entity Comparison Table will show the advantages and disadvantages of different types of business entities.
- If you decide to form a Tennessee S corporation instead of forming a Tennessee LLC, click here for incorporation services.

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

Who controls or manages a Tennessee LLC?

A Tennessee LLC is owned and organized by its members. Members to a Tennessee LLC are the equivalent as partners are to a partnership or shareholders in a corporation. Members have the option of managing a Tennessee LLC themselves or if they prefer, they can choose to elect managers to operate a Tennessee LLC. Managers are agents of the company and have the authority to bind the company to third parties. The flexibility in management is one of the reasons LLC’s are so appealing.

How many people or business entities are required to form a Tennessee LLC?

In most states, only one entity or one person is required to form a Tennessee LLC. In terms of taxation, the IRS does recognize single member Tennessee LLC’s and allows pass-through taxation. Although the Internal Revenue Service allows one member Tennessee LLC’s with pass-through taxation, some states may not afford equal treatment to single member Tennessee LLC’s. To avoid any surprises, we recommend that you speak with your accountant or tax preparer to find out how the tax laws in your state would affect your single member Tennessee LLC prior to organization.

What titles are owners in a Tennessee LLC ?

A Tennessee LLC is allowed to have the titles member(s), manager(s), or manging members.

How is a Tennessee LLC taxed ?

At the Federal Level -

A Tennessee LLC may be classified for federal income tax purposes as a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), partnership or a corporation. If a Tennessee LLC has only one owner, it will automatically be considered to be a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation. If a Tennessee LLC has two or more owners, it will automatically be considered to be a partnership unless an election is made to be treated as a corporation. If a Tennessee LLC does not elect its classification, a default classification of partnership (multi-member Tennessee LLC) or sole proprietorship (single member Tennessee LLC) will apply.

At the state level -

Your Tennessee LLC may be treated differently for tax purposes then at the federal level. Since each state is different, we recommend that you speak to your accountant or tax preparer who specializes in Tennessee tax law for specific tax questions.

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

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

How do I obtain or prepare a Tennessee LLC operating agreement?

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

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

What is a Tennessee LLC operating agreement and why is it so important for my Tennessee LLC?

A Tennessee LLC operating agreement serves as a blueprint for your Tennessee LLC. The operating agreement contains the rights, privileges, and powers of the members and managers. A Tennessee LLC operating agreement will contain the names and addresses of each member and manager. A Tennessee LLC operating agreement will specifiy the percentage each member owns of a Tennessee LLC. A Tennessee LLC operating agreement will also indicate the capital contribution of each Tennessee LLC member. A Tennessee LLC operating agreement normally outlines how it can be amended or changed at a future date. Often there is mention of how long a Tennessee LLC is allowed to operate, the date of dissolution, or if a Tennessee LLC has perpetual existence until the members agree to dissolve a Tennessee LLC.

Another important part of a Tennessee LLC operating agreement is to create "rules" on how a Tennessee LLC can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue membership certificates to its members. As a Tennessee LLC member, the most important reason for an operating agreement besides that most states require one by law, is that it protects each members' personal interest, capital contributed, and a detailed outline of the rights and privledges each member is afforded.

What is a Tennessee LLC seal?

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

What is a Tennessee LLC kit?

A Tennessee LLC kit is typically a hardbound binder that contains all of a Tennessee LLC's important documents such as the Tennessee Articles of Organization, operating agreement, and meeting minutes. All of the Tennessee LLC kits that Sun sells include the Tennessee LLC's name hot stamped (professional imprint of the Tennessee LLC's name) on the spine of the kit. Most Tennessee LLC kits come with a slipcase to keep the binder safe. Some Tennessee LLC kits are made with a slipcase built in. The choice is yours.

Another important part of a Tennessee LLC kit is the membership certificates. All of the Tennessee LLC kits that Sun sells contain 20 custom membership certificates that include the Tennessee LLC's name, date and jurisdiction of formation, and the title of member (s) or manager (s) below the signature lines. If you have already formed your Tennessee LLC, you can order a Tennessee LLC kit by clicking here. We have a selection of high quality Tennessee LLC kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Tennessee LLC, obtained your EIN from the IRS, prepared the Tennessee LLC operating agreement, issued membership certificates, and used your Tennessee LLC seal embosser, it is time to verify which local city and/or county tax licenses your Tennessee LLC business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your area's business licensing requirements. For those of you who plan to run your Tennessee LLC 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 LLC.

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

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