Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Tennessee incorporation.
Cost to incorporate in Tennessee
At BizFilings, we clearly outline our fees and the state fees to form a Tennessee corporation. View our pricing to incorporate as a C corporation or S corporation to plainly see:
- BizFilings’ package prices. BizFilings offers three incorporation service packages from which you can choose.
- State fee for standard turn-around. Our pricing clearly shows the state fee to incorporate in Tennessee with standard turn-around.
- Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
- Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Charter.
The name must include the word "Corporation," Incorporated," "Company" or an abbreviation thereof, including words or abbreviations in a foreign language. It must be distinguishable in the Secretary of State's records from any corporate or assumed name of a domestic or qualified foreign corporation, a reserved or registered name under Tennessee law, or the name of a not-for-profit corporation, limited partnership or limited liability company. 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 directors of corporations:
- Minimum number. Corporations must have one or more directors.
- Residence requirements. Tennessee does not have a provision specifying where directors must reside.
- Age requirements. Tennessee does not have age requirements.
- Inclusion in the Charter. Director names and addresses are required to be listed in the Charter.
Requirements for the Charter
The document required to form a corporation in Tennessee is called the Charter. The information required in the formation document varies by state. Tennessee's requirements include:
- Officers. Officer names and addresses are not required to be listed in the Charter.
- Stock. Authorized shares and par value must be listed in the Charter. An increase in the number of shares or par value does not affect initial filing fees.
- Registered agent. Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Tennessee. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Other filings required at time of incorporation
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. Tennessee requires the following:
- County filing. If the corporation’s principal office is in Tennessee, a copy of the Charter must be filed with that county’s government. If the principal office is not in Tennessee, no county filing is required.
Professional services businesses
Tennessee allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
Additional Tennessee information
View the following additional resources BizFilings has for forming and maintaining companies in Tennessee:
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