Starting a Business in Tennessee
LLC filing: $300 | Corp filing: $100 | Business-friendly score: 7.5/10
Business Environment at a Glance
7.5/10
Business-Friendly Score
None
Income Tax
7%
State Sales Tax
$7.25
Minimum Wage
Business Filing Fees in Tennessee
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $300 | One-time, filed with Secretary of State |
| LLC Annual Fee | $300 | Due annually to maintain good standing |
| Corporation Filing Fee | $100 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $100 | Annual report/franchise tax |
Tax Rates
| State Income Tax | None |
| Corporate Tax Rate | 6.5% (Excise Tax) + 0.25% (Franchise Tax on net worth) |
| State Sales Tax | 7% |
| Max Local Sales Tax | 2.75% |
| Minimum Wage | $7.25/hr |
Advertisement
Tennessee Special Requirements
- Annual report required with Secretary of State ($300 for LLCs)
- Tennessee Business Tax license required at state and local levels
- No state personal income tax (Hall Tax on investment income fully repealed)
- Workers compensation required for 5+ employees
Major Cities in Tennessee
Browse Industries in Tennessee
Start Your Business in Tennessee
Form your LLC in Tennessee for $300 online.
Register with LegalZoom