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Each state puts its own unique stamp on the process of forming an LLC (Limited Liability Company) and Tennessee is no exception. Learning Tennessee’s requirements will help you decide whether to form an LLC in that state and prepare you for the formation process.
The LLC name must contain on of the following: Limited Liability Company, LLC, or L.L.C. Your LLC’s name must be distinguishable from the name of every other foreign or domestic entity (e.g., LLCs, corporations, limited partnerships) whether the name is true, assumed, reserved or registered. Use of the words "Bank," "Credit Union," "Mortgage" and "Trust" requires approval by the Department of Financial Institutions.
The following are Tennessee’s requirements for the members/managers of LLCs:
You form an LLC in Tennessee by filing Articles of Organization and paying the required fee. The information required in the formation document varies by state. Tennessee's requirements include:
You must list the name and the street address of your LLC’s Tennessee Registered Agent. This must be a physical address within Tennessee—no post office boxes are allowed. Your agent must be available during normal business hours to accept Service of Process and other important legal and tax documents on behalf of the LLC.
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the LLC formation in a local newspaper or an initial report filing. Tennessee requires the following:
Tennessee allows professionals, such as accountants, attorneys, and physicians, to form a professional limited liability company (PLLC).
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