Best LLC Formation Services in Tennessee | Comparative Review 2024

Best Tennessee LLC Formation Services

Best LLC formation services in Tennessee: If you would like to start an LLC in Tennessee, also known as The Volunteer State, there are a few steps to follow. In general, you can set up your LLC in two ways: either you can do it yourself or take help from professionals. Tennessee is a business-friendly state and has immense opportunities for start-ups. However, setting up an LLC in Tennessee can be stressful for beginners. Hence, hiring a professional LLC formation service is better than doing it on your own.

In Tennessee, you will find several LLC formation services that offer great deals. Some offer free service, some offer a business website and logo with the LLC package, and some offer something else. This is incredibly attractive; however, based on your company’s requirements, you must choose the best option for you!

To help you navigate setting up an LLC, Webinarcare Editorial Team has compiled a list of the best Tennessee LLC formation services. These companies can help you handle the paperwork and legal requirements, so you can focus on growing your business.

Starting an LLC is attractive for many entrepreneurs looking to establish a new business. Limited Liability Companies (LLCs) offer numerous advantages for entrepreneurs and small business owners, including liability protection, flexibility in management, and favorable tax treatment. As a result, many entrepreneurs are choosing to form their LLCs in Tennessee.

The Best Tennessee LLC Formation Services

In this section, we will describe the operating procedures of the best LLC Formation Services available in Tennessee along with several other relevant information. We will also discuss these companies’ costs, pros, and cons so you to understand better and choose the right LLC formation services you want in Tennessee.

LLC Service

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#1 Recommendation

$0 + State fee

  • Free LLC Formation

  • Legal Support

  • Highly Reputed Company

$299 + State fee

  • Single LLC formation package

  • Flat price for all services

  • Legal consultation

Webinarcare Editorial Team has come up with some extraordinary LLC formation services. This is a general list based on our experience. You can compare their services and pricing before you hire them to form your business.

Following are the 5 best LLC formation services in Tennessee:

Now, let’s dive into the list of best LLC formation services in Tennessee.

1. LegalZoom

legalzoom

LegalZoom is a well-established name in the business formation industry, offering a range of legal services beyond Tennessee LLC formation. Their experience and reputation make them a reliable choice for entrepreneurs.

Plans and Pricing

LegalZoom’s pricing for LLC formation starts at $0 plus state fees for the Basic Package, which includes a name check, filing formation documents, and access to an online document library. The Pro Package ($249 plus state fees) adds a personalized operating agreement, while the Premium Package ($279 plus state fees) includes expedited processing and priority shipping.

Add-on Services by LegalZoom

  • Registered Agent
  • Trademark registration
  • Copyright registration
  • Patent services
  • Estate planning
  • Legal advice
  • Expedited Filing

Registered Agent Service is not included in any packages. It is available as an add-on at $299 per year! LegalZoom is the best option if you have a requirement of only registered agent service, not the entire formation package.

Pros 👍Cons 👎
A well-known and reputable companyMore expensive than some competitors
A wide range of legal services beyond LLC formationSome customer reviews mention slow turnaround times.
Lifetime customer support

2. BetterLegal

betterlegal

BetterLegal provides an efficient and user-friendly platform for entrepreneurs to establish legal entities such as LLCs (Limited Liability Companies) and corporations. The platform streamlines forming a business entity, making it easier and more accessible for individuals without legal expertise.

Plans and Pricing

BetterLegal offers a straightforward pricing structure for its services. The company offers $299 + state fees price for a formation package. You must pay $50 to get the service if you want to obtain the EIN. Besides, BetterLegal is a legal firm that provides legal support and consultation.

Other Services and Add-ons By BetterLegal

  • Registered Agent service – $10/month or $90/year
  • State Annual compliance services – $10/month or $90/year
  • Permit & License Search Service – $125
  • Amendment & document research – $0

Amendment and document research come with BetterLegal’s core formation package. It is free. On the other hand, this service is available as a standalone service. You must purchase the core formation package if you need amendment and document research.

Pros 👍Cons 👎
User-Friendly PlatformLimited Legal Advice
Time and Cost SavingsState-Specific Services
Transparent PricingLack of Customization

3. ZenBusiness

zenbusiness

ZenBusiness is an affordable and user-friendly option for forming an LLC. With its straightforward pricing and comprehensive services, ZenBusiness has quickly become one of the most popular choices for entrepreneurs looking to form an LLC.

Plans and Pricing

ZenBusiness offers three different pricing plans, starting at $0 plus state fees for their basic package, which includes a registered agent service, an operating agreement, and a worry-free guarantee. Their Pro package ($199 plus state fees) adds an Employer Identification Number (EIN), banking resolution, and expedited filing. The Premium package ($299 plus state fees) includes all Pro features, a business website, a domain name, and an email address.

Add-on Services By ZenBusiness

  • Tax and Accounting
  • Compliance Services
  • Annual Reports
  • Business License Reports
  • Business Website
  • Banking & Finances

ZenBusiness provides a standalone registered agent service. If you do not need the entire formation package, you can only purchase their registered agent service at $99 per year.

Pros 👍Cons 👎
Affordable pricing and clear, transparent plansThe basic package does not include an EIN
Excellent customer service and supportNo Tennessee nonprofit formation
Fast turnaround times for LLC formation
Positive customer reviews

4. Incfile

incfile

Incfile is another popular choice for entrepreneurs forming an LLC. They offer various services, from basic formation packages to more comprehensive plans with additional features. Incfile is one of those services that started LLC formation services at $0.

Plans and Pricing

Incfile’s pricing starts at $0 plus state fees for their basic Silver package, which includes a registered agent service, company alerts, and online access to incorporation documents. The Gold package ($149 plus state fees) includes an EIN, operating agreement, and banking resolution. In contrast, the Platinum package ($299 plus state fees) adds a business website and domain, expedited filing, and customizable legal forms.

Add-on and Other Services By Incfile

  • Registered Agent: $119 after a year (one year free)
  • Employer Identification Number: $70
  • Operating agreement: $40
  • Certificate of Good Standing: $49 + State Filing Fees
  • File corporation annual report: $88 + State Filing Fees
  • Doing Business As (DBA): $99 + State Filing Fees
  • Trademark Registration: $199 + Federal Filing Fees
  • Business License Search: $99
  • Dissolution: $149 + State Filing Fees
  • S-Corp Tax Election: $50 for current LLC & $25 for current C-Corps

Registered agent service at Incfile is available at $119 per year. However, you can enjoy it for free for one year if you take their formation package.

Pros 👍Cons 👎
Competitive pricing, with a free basic package availableSome additional features, such as a business website, are only available in the most expensive package.
A comprehensive range of services and featuresAdditional cost to obtain EIN
It comes with a registered agent service, even in the basic package
Good customer support

5. Northwest Registered Agent

northwest registered agent

Northwest Registered Agent is known for its personalized customer service and commitment to privacy. They offer a simple and straightforward approach to Tennessee LLC formation, focusing on the essentials.

Plan and Pricing

Northwest Registered Agent charges a flat fee of $225 plus state fees for their Tennessee LLC formation service, which includes a registered agent service, filing formation document, and an operating agreement draft.

Add-ons and Other Services By Northwest Registered Agent

  • Registered Agent at $125 yearly
  • Annual report filing at $100 + state filing fee
  • Obtaining EIN at $50
  • Northwest offers National Agent Service. If you operate your LLC Registered Agent in 5 or more states, you can pay $100 + state fees (if applicable) to get a single agent for all states.

With Northwest Registered Agent, you can enjoy the standalone Registered Agent service. If you don’t want the full formation package, you can purchase the only registered agent service for $125 per year.

Pros 👍Cons 👎
Flat fee pricing with no upsells or hidden costs.No tiered pricing or additional features are available.
Excellent customer service and personalized supportMore expensive than some competitors
Focus on privacy and security.

Webinarcare Editorial Team selects these LLC Formation Services through thorough research and market study. You must cross-check all the factors before choosing the right one for your Tennessee business.

What is an LLC?

An LLC, or Limited Liability Company, is a legal business structure that combines the benefits of both corporations and partnerships. It offers limited liability protection to its owners, known as members, and provides flexibility in management and taxation. LLCs in Tennessee are popular among Tennessee business owners and entrepreneurs because they are relatively easy to set up and maintain compared to other business structures.

Key features of an LLC include:

  • Limited Liability Protection: Members of Tennessee LLC are not personally liable for the company’s debts or liabilities. This means that their personal assets, such as homes and savings, are protected from creditors and lawsuits related to the business.
  • Flexible Management: Unlike Tennessee Corporations, which require a Three board of directors and officers, LLCs can be managed by the members themselves or by appointed managers. This allows for more flexibility in how the company is run and makes it easier for small business owners to maintain control over their operations.
  • Pass-through Taxation: By default, Tennessee LLCs are not taxed as separate entities. Instead, their profits and losses pass through to the owners, who report them on their personal income tax returns. This avoids the double taxation that affects corporations, which pay taxes on their profits, and then shareholders pay taxes on dividends. However, LLCs can also be taxed as corporations if it’s more advantageous for their specific situation.
  • Easy Formation and Compliance: Forming an LLC typically requires filing Tennessee Articles of Organization with the Tennessee and paying a filing fee of $300. While some ongoing compliance requirements may apply, such as submitting Tennessee Annual Reports or maintaining a Registered Agent, LLCs generally have fewer regulations and restrictions than corporations.

An LLC offers a flexible and relatively simple way for entrepreneurs and small business owners to establish a legal business structure while providing limited liability protection and potential tax advantages.

How to Choose the Best LLC Formation Services

Choosing the best LLC formation service Tennessee depends on several factors, such as pricing, features, customer support, and overall reputation. To make an informed decision, consider the following steps:

  • Determine your needs: Identify your specific requirements before comparing Tennessee LLC formation services. Do you need help filing the necessary paperwork or require additional services like Obtaining an EIN, drafting an operating agreement, or having a registered agent service?
  • Research and compare options: Compile a list of potential LLC formation services available in Tennessee. Research each company’s reputation, customer reviews, and track record. Look for services with a history of satisfied clients, quick turnaround times, and a strong reputation for providing accurate and reliable support.
  • Compare pricing and packages: Analyze the pricing and packages offered by each service. Some companies offer tiered pricing, while others charge a flat fee for their services. Consider the features included in each package and determine which one offers the best value for your needs. Remember that the cheapest option may only sometimes be the best choice, as it could lack essential features or support.
  • Evaluate customer support: Customer support is crucial when dealing with legal and regulatory matters. Make sure the Tennessee LLC formation service you choose offers responsive and knowledgeable support through various phone, email, or live chat channels. It would be best if you also verified their availability during your preferred hours of operation.
  • Consider additional services: Some LLC formation services offer a range of additional features, such as ongoing compliance assistance, legal advice, or business document templates. If you anticipate needing these services, choosing a provider that can fulfill all your business requirements in one place may be beneficial.
  • Read customer reviews and testimonials: Lastly, read customer reviews and testimonials to gain insights into each company’s performance and client satisfaction. Look for consistent patterns in feedback, such as responsiveness, accuracy, and professionalism. Remember that occasional negative reviews are inevitable, but a company with overwhelmingly positive feedback will likely provide a reliable and satisfactory experience.

By carefully considering your needs, comparing options, and evaluating customer support and additional services, you can choose the best LLC formation service in Tennessee that meets your requirements and helps you start your business on a strong foundation.

Importance of Professional LLC Formation Services

Professional LLC formation companies play a crucial role in helping entrepreneurs and small business owners establish their businesses by simplifying the process of forming a Limited Liability Company (LLC). These services offer a range of benefits, including saving time and effort, ensuring compliance with legal requirements, and providing ongoing support. Here are some key reasons why utilizing professional LLC formation companies is important:

Expertise and experience

Professional LLC formation companies possess the knowledge and experience to navigate the complex process of forming an LLC. They understand the legal requirements, regulations, and documentation needed to establish a compliant LLC in your state. This expertise can help you avoid costly errors, omissions, or delays in the formation process.

The LLC formation services should know about filing an LLC, Articles of Organization, or Charter for Profit Corporation in Tennessee Secretary of State.

Time and Effort Savings

Forming an LLC can be time-consuming, especially for first-time entrepreneurs needing to become more familiar with the process. By enlisting the help of a professional LLC formation company, you can save time and effort, allowing you to focus on other aspects of starting and growing your business.

Compliance Assurance

One of the primary benefits of using Tennessee professional LLC formation service is ensuring that your LLC complies with state laws and regulations. This includes accurately preparing and filing the necessary paperwork with a Registered Agent, obtaining required Tennessee Business Licenses and permits, and maintaining ongoing compliance through Tennessee Annual Reports and other filings.

Registered Agent Services

Tennessee require LLCs to have a Registered Agent, who is responsible for receiving legal and government correspondence on behalf of the company. Many professional LLC formation companies offer Tennessee Registered Agent Services, which can be a convenient and cost-effective solution for maintaining this requirement.

Customized Operating Agreements

A well-drafted Tennessee Operating Agreement defines your LLC’s structure, management, and ownership. Professional LLC formation services often provide customized operating agreements tailored to your business needs, ensuring your Tennessee LLC is set up correctly.

Ongoing Support and Resources

Many professional LLC formation companies offer ongoing support and resources for business owners, including assistance with compliance, legal advice, and access to business document templates. This can be invaluable in helping you manage and grow your business.

Peace of Mind

Tennessee LLC formation services provide peace of mind, knowing your business is set up correctly and compliantly. This allows you to focus on your core business objectives with the confidence that experts are handling your LLC’s legal and regulatory requirements.

Can an LLC Formation Services Help Me File My Taxes?

Each LLC formation specialist provides tax advice to help you avoid state tax penalties easily. You can even file your taxes on time, so your business won’t be charged a fee. The LLC formation company or your hired Registered Agent can file for your taxes in Tennessee Department of Revenue.

Do I Need Tennessee LLC Formation Services?

You can do everything an LLC service can without paying the service fees. Business owners who don’t want to file independently can benefit from LLC services, which can also give them access to other legal services from experienced lawyers. Your Tennessee LLC can also be created for you by a local business lawyer. Tennessee Business Attorney can be a good option if you prefer a personal relationship with someone who can assist you with various legal questions and issues, even though this may cost more than an online service.

FAQs

What are the benefits of forming an LLC in Tennessee?
Tennessee offers low business taxes, few administrative requirements, and flexible operating agreements for LLCs.
Can I form an LLC myself in Tennessee?
Yes, you can. However, it’s recommended that you hire a professional LLC formation service.
How can I choose the best LLC formation service in Tennessee?
Look for online reviews, compare prices, and research their experience and customer service ratings.
What are the fees associated with LLC formation in Tennessee?
The filing fee is $300. You’ll also incur additional legal and professional fees.
Can I operate my LLC in Tennessee without a registered agent?
No, you’re required to appoint a registered agent for any official business and legal communication.
Does Tennessee offer any tax incentives for LLCs?
Yes, Tennessee’s tax incentives include no state income tax, no franchise tax, and a high job tax credit.
Can I register a foreign LLC in Tennessee?
Yes, but you’ll need to apply for a certificate of authority.
How long does it take to form an LLC in Tennessee?
It usually takes about 2-3 weeks for the Tennessee Secretary of State to process your filing request.
What is an operating agreement?
An operating agreement outlines the ownership, management, and operating procedures of an LLC.
Is it mandatory for an LLC to have an operating agreement in Tennessee?
No, it’s not required by law. However, it is strongly recommended.
What is the cost of hiring a registered agent in Tennessee?
You can expect to pay between $100 and $300 per year.
What is the Personal Liability Shield?
The Personal Liability Shield protects your personal assets in the event of legal action against your LLC.
Is my LLC name available for registration in Tennessee?
You can check the availability of your desired name on the Tennessee Secretary of State’s website.
Can I change my LLC’s name after it’s registered in Tennessee?
Yes, but you’ll need to file an amendment to your Articles of Organization and pay a fee.
Can I apply for an LLC reinstatement in Tennessee?
Yes, you can apply for a reinstatement within 1 year of your LLC’s dissolution.
How many members can an LLC have in Tennessee?
LLCs in Tennessee can have an unlimited number of members.
Can a non-US citizen own an LLC in Tennessee?
Yes, non-US citizens can own and operate LLCs in Tennessee.
What are the annual reporting requirements for LLCs in Tennessee?
LLCs are required to file an annual report, which includes updated information, member lists, and financial documentation.
Can I add members to an LLC after it’s formed in Tennessee?
Yes, you can add members by filing an amendment to your Articles of Organization.
What is the length of validity of the LLC registration certificate in Tennessee?
LLCs do not receive registration certificates in Tennessee. They must file annual reports to stay in good standing.
Does Tennessee recognize series LLCs?
Yes, Tennessee is one of the few states that recognize series LLCs.
Can I own multiple LLCs in Tennessee?
Yes, there is no limit to the number of LLCs that an individual can own in Tennessee.
Is there a residency requirement for LLC owners in Tennessee?
No, Tennessee does not have a residency requirement for LLC owners.
What are the penalties for not filing an annual report in Tennessee?
Your LLC can be dissolved by the state, and you may face fines and legal penalties.
Is it necessary to use a business lawyer for LLC formation in Tennessee?
No, it’s not required. However, it’s helpful to have a lawyer review your documents and answer your legal questions.
Can I form an LLC in Tennessee as a sole proprietor?
Yes, you can form an LLC as a single-member LLC in Tennessee.
What business entity is most popular in Tennessee?
LLCs are the most popular business entity, accounting for more than 75% of new business registrations.
Can I pay my LLC’s annual fee with a credit card in Tennessee?
Yes, you can make payments to the Tennessee Secretary of State’s office online with a credit card.
What is the publication requirement for LLCs in Tennessee?
There is no publication requirement for LLCs in Tennessee.
What is the best LLC formation service in Tennessee?
There is no one-size-fits-all answer, as it ultimately depends on your specific needs and budget.
How much does it cost to form an LLC in Tennessee?
It costs $300 to file Articles of Organization in Tennessee.
What are the advantages of forming an LLC in Tennessee?
LLCs have pass-through taxation, limited liability protection, and offer flexibility when it comes to management and ownership.
Can I form an LLC in Tennessee even if I don’t live there?
Yes, you do not need to be a resident to form an LLC in Tennessee.
What information do I need to provide to form an LLC in Tennessee?
You need to provide the name of your LLC, your principal office address, the names and addresses of your members, and the purpose of the LLC.
What documents do I need to file to form an LLC in Tennessee?
You need to file Articles of Organization with the Tennessee Secretary of State.
Can I file my Articles of Organization online in Tennessee?
Yes, you can file your Articles of Organization online through the Tennessee Secretary of State’s website.
Can I hire a registered agent in Tennessee for my LLC?
Yes, you can hire a registered agent in Tennessee to accept legal documents on behalf of your LLC.
Do I need a business license to form an LLC in Tennessee?
It depends on your specific business and its location. You may need to obtain a business license or permit from your city or county.
What is an Operating Agreement for an LLC in Tennessee?
An Operating Agreement is a legal document that outlines the ownership and operating procedures of your LLC.
Do all LLCs in Tennessee need to have an Operating Agreement?
No, but it is strongly recommended that you have one.
Can I change the name of my LLC after it is formed in Tennessee?
Yes, you can change the name of your LLC by filing Articles of Amendment with the Tennessee Secretary of State.
How many members do I need to form an LLC in Tennessee?
You only need one member to form an LLC in Tennessee.
What taxes does an LLC in Tennessee need to pay?
LLCs in Tennessee are subject to the state’s Franchise and Excise Tax.
Can an LLC in Tennessee elect to be taxed as an S-Corporation?
Yes, an LLC in Tennessee can choose to be taxed as an S-Corporation by filing Form 2553 with the IRS.
Will my LLC name be reserved once I file my Articles of Organization in Tennessee?
No, your LLC name will not be reserved automatically. You can reserve your LLC name by filing a Name Reservation with the Tennessee Secretary of State.
What is the annual reporting fee for an LLC in Tennessee?
The annual reporting fee for an LLC in Tennessee is $50.
Can I file my annual report online in Tennessee?
Yes, you can file your annual report online through the Tennessee Secretary of State’s website.
How do I dissolve my LLC in Tennessee?
You can dissolve your LLC in Tennessee by filing Articles of Dissolution with the Tennessee Secretary of State.
Can I reinstate my LLC in Tennessee if it was administratively dissolved?
Yes, you can reinstate your LLC in Tennessee by filing an Application for Reinstatement with the Tennessee Secretary of State.
What is the difference between an LLC and a Corporation in Tennessee?
The main differences are in the area of taxation and management structure, with LLCs having pass-through taxation and a more flexible management structure.
Can I convert my Corporation to an LLC in Tennessee?
Yes, you can convert your Corporation to an LLC by filing Articles of Conversion with the Tennessee Secretary of State.
What is the role of a registered agent in Tennessee?
A registered agent in Tennessee is responsible for accepting legal documents and other official correspondence on behalf of your LLC.
Can I serve as my own registered agent in Tennessee?
Yes, you can serve as your own registered agent in Tennessee as long as you maintain a physical, in-state address.
What are the ongoing requirements for an LLC in Tennessee?
Ongoing requirements for an LLC in Tennessee include the payment of annual fees, the filing of annual reports, and maintaining a registered agent in the state.
Can I change the management structure of my LLC in Tennessee after it is formed?
Yes, you can change the management structure of your LLC by amending your Operating Agreement or submitting appropriate paperwork with the Tennessee Secretary of State.
Can I form an LLC in Tennessee if I already have another business entity in the state?
Yes, you can form an LLC in Tennessee even if you already have another business entity, as long as the LLC is a separate and distinct entity.

Also Read

Why is Tennessee One of the Best Places for Business

One of the most appealing aspects of Tennessee for businesses is its diverse and growing economy. From the bustling metropolitan areas of Nashville and Memphis to the charming small towns scattered throughout the state, there are abundant opportunities for businesses of all sizes and industries to thrive. With a mix of industries including healthcare, automotive manufacturing, agriculture, music, and tourism, Tennessee offers a strong economic foundation that is not overly reliant on any one sector.

In addition to its diverse economy, Tennessee boasts a business-friendly environment that is conducive to growth and success. The state has low taxes, minimal regulations, and a pro-business mindset that make it easier for companies to operate and expand. Entrepreneurs in Tennessee benefit from the state’s supportive ecosystem, which includes resources and programs designed to help businesses start, scale, and succeed. From incubators and accelerators to networking events and financing options, there are ample opportunities for businesses to get the support they need to thrive.

Tennessee’s central location in the Southeast also makes it an attractive choice for businesses looking to access a large and diverse market. With major highways, railways, and airports connecting the state to the rest of the country, businesses in Tennessee have easy access to customers and suppliers across the nation. This connectivity, coupled with a skilled workforce and competitive costs of doing business, makes Tennessee a prime location for companies looking to establish a presence in the region.

Another key factor that makes Tennessee one of the best places for business is its high quality of life. The state offers affordable housing, excellent schools, and a wide array of cultural and recreational activities that make it an attractive place to live and work. Businesses in Tennessee benefit from access to a talented and motivated workforce, as well as a community that values innovation, collaboration, and hard work.

Overall, Tennessee’s combination of a diverse economy, business-friendly environment, strategic location, and high quality of life make it a top choice for businesses looking to grow and succeed. Whether you’re a startup looking to break into a new market or an established company looking to expand your operations, Tennessee offers the resources, support, and opportunities you need to achieve your business goals. So why wait? Come join the thriving business community in Tennessee and see for yourself why it’s one of the best places for business.

Conclusion

Choosing the right Tennessee LLC formation service for your needs depends on your budget, your support level, and any additional features you may need. ZenBusiness and Incfile are excellent choices for affordable yet comprehensive LLC formation services, while LegalZoom and Rocket Lawyer may be more suitable for entrepreneurs who require ongoing legal support. Northwest Registered Agent is a great option for those prioritizing privacy and personalized customer service.

Regardless of which LLC formation service you choose for your Tennessee LLC, it is essential to research and compares your options thoroughly to ensure you receive the best possible support and value for your money. By doing so, you can focus on growing your business with the confidence that your legal and regulatory requirements are in good hands.

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