After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Tennessee corporations.
Tennessee corporations must keep the following items with their corporate records at the principal office:
The following are taxation requirements and ongoing fees for Tennessee corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Tennessee does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in Tennessee. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes. For state purposes, the corporation will be treated as a regular C corporation.
View the following additional resources BizFilings has for forming and maintaining companies in Tennessee:
The state in which you form your company can provide certain benefits.