Tennessee LLC Glossary — Key Terms

Key terms for Tennessee LLC formation and maintenance. For formation, see how to form a Tennessee LLC.

E

Excise Tax — Tennessee's 6.5% tax on LLC net income. Part of the combined franchise & excise (F&E) tax. Assessed at the entity level on all LLCs doing business in Tennessee.

F

Form FAE 170 — Tennessee's Franchise and Excise Tax return. Filed annually with the Department of Revenue through TNTAP. Due 15th of 4th month after fiscal year end.

Form SS-4270 — Tennessee's Articles of Organization form for LLC formation. Filed with the Secretary of State. Fee: $300 per member.

Form SS-4232 — Application for Certificate of Authority (foreign LLC registration). Fee: $300 per member.

Franchise Tax — Tennessee's 0.25% tax on the greater of net worth or tangible property in Tennessee. Combined with excise tax; $300 minimum.

H

Hall Tax — Tennessee's former tax on interest and dividend income. Fully repealed January 1, 2021. No longer applies to any Tennessee resident or entity.

T

Tennessee Revised LLC Act — the Tennessee Revised LLC Act Tennessee's governing statute for LLCs, effective 2006. Provides the legal framework for formation, operation, and dissolution.

TNBEAR — Tennessee Business Entity Annual Report system (tnbear.tn.gov). Used to file Annual Reports and search entity status.

TNTAP — Tennessee Taxpayer Access Point (tntap.tn.gov). The Tennessee Department of Revenue's portal for tax registration, returns, and payments.

FAQ

Where is Tennessee's LLC statute?

the Tennessee Revised LLC Act (Tennessee Revised LLC Act). Available at tn.gov/sos or through Lexis/Westlaw.