How do I register my business taxes in Tennessee?

Do I need to register for business tax in Tennessee?

Overview. Generally, if you conduct business within any county and/or incorporated municipality in Tennessee, then you should register for and remit business tax. Business tax consists of two separate taxes: the state business tax and the city business tax.

How do I file my business taxes in Tennessee?

Business tax can be filed and paid online using the Tennessee Taxpayer Access Point (TNTAP). A TNTAP logon should be created to file this tax. Click here for help creating your logon.

How do I file my LLC taxes in Tennessee?

By default, LLCs themselves do not pay federal income taxes, only their members do. Tennessee, however, imposes a franchise tax and an excise tax on most LLCs. You must register for this tax through the Department of Revenue (DOR). You can register by mail or in person at a DOR location.

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How do I register with the Tennessee Department of Revenue?

Registration of franchise & excise taxes is available on the Tennessee Taxpayer Access Point (TNTAP). To apply, please go to the Tennessee Taxpayer Access Point (TNTAP) and select Register a New Business. You can register your business, or register for an exemption using TNTAP.

Does a sole proprietor need a business license in Tennessee?

There isn’t a requirement in Tennessee for sole proprietors to acquire a general business license, but depending on the nature of your business you may need other licenses and/or permits to operate in a compliant fashion.

Who is subject to business tax in Tennessee?

What Businesses Are Subject to the Business Tax? The business tax is imposed generally on anyone delivering goods or services to Tennessee customers, but a number of activities and entities are specifically exempted. For example, taxpayers are exempt from the business tax if they generate less than $10,000 in sales.

Do sole proprietors pay business tax in Tennessee?

Typically, most businesses must pay business tax and sales tax. All business types, except sole-proprietors and general partnerships, must also register for the payment of franchise and excise taxes.

How much is business tax in Tennessee?

Tennessee’s flat business income tax rate of 6.5 percent is in the middle of the road when compared to other states.

Who is exempt from TN business tax?

Businesses with less than $10,000 in taxable sales sourced to a county are exempt from the state business tax in that county, and businesses with less than $10,000 in taxable sales sourced to a municipality are exempt from the municipality business tax in that municipality.

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Do I have to renew my LLC every year?

Do I need to renew my LLC every year? The renewal fee for a limited liability company, or LLC, has to be paid every one or two years, with the frequency varying by state. The LLC business entity is created at the state level. It has the qualities of both corporations and partnerships.

Do I have to file an annual report for my LLC in Tennessee?

Tennessee requires LLCs to file an annual report and pay a franchise tax. The annual report is due on or before the first day of the fourth month following the close of the LLC’s fiscal year. The filing fee is $50 per member, with a minimum fee of $300 and a maximum fee of $3000.

How long does it take to form an LLC in Tennessee?

File Tennessee Certificate of Formation

Agency: Tennessee Secretary of State – Division of Business Services
Turnaround: ~4 business days by mail. ~2 days online. Immediately in-person.
Law: Tennessee Revised Limited Liability Company Act

How do I register an out of state business in Tennessee?

To register a foreign business in Tennessee, you’ll need to complete forms with the Tennessee Secretary of State’s office:

  1. Application for Certificate of Authority for a Foreign LLC: Form ss-4233.
  2. Application for Certificate of Authority for a Foreign Corporation: Form ss-4431.

How do I register a business name in Tennessee?

To register your Tennessee LLC, you’ll need to file the Articles of Organization with the Tennessee Secretary of State. You can apply online, by mail, or in person. Read our Form an LLC in Tennessee guide for details. Or use a professional service like ZenBusiness or LegalZoom to form your LLC for you.

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How do I get an EIN number in Tennessee?

If applying online isn’t an option, you can also complete an EIN application by mail or fax by sending Form SS-4 to the IRS fax number 855-641-6935. You can even get an EIN over the phone if the company was formed outside the U.S. by calling 267-941-1099. If filing by phone, note that it isn’t a toll-free number.