What is a Tennessee Annual Report?
One of the requirements of maintaining a Limited Liability Company (LLC) or corporation in Tennessee is filing an Annual Report. The Annual Report is used to confirm and update the company’s information each year with the Tennessee Secretary of State.
Related: How to form an LLC in Tennessee
Who Needs to File an Annual Report?
Domestic and foreign corporations and LLCs are required to file an annual report each year after the year the company was formed.
What is Needed to File a Tennessee Annual Report?
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Tennessee Secretary of State’s website, otherwise, you can download and fill out the Annual Report.
The report asks for information such as:
- Legal name of the entity
- Business address
- Federal Employer Identification Number (FEIN)
- Contact information of the Registered Agent
- Name and mailing address of the principal officers, directors, members, and/or managers
Tennessee Annual Report Cost
The filing fee for an Annual Report for a Tennessee Corporation is $20. The cost to file an Annual Report for an LLC can vary depending on the number of members. For LLCs with 1-6 members, the report cost is $300 and an additional $50 for each member.
Annual Report Due Date
Annual Reports for Tennessee Corporations and LLCs are due by the first day of the fourth month after the end of the Corporation or LLC’s fiscal year. Most Corporations and LLCs use the calendar year as their fiscal year, meaning the end of their fiscal year is December 31st. For example, if your entity uses a calendar fiscal year, the due date for the Annual Report is April 1st.
The Secretary of State’s office sends a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
Annual Report Filing Service
If you would rather use a service that guarantees the annual report is filed on-time, check out the annual report filing service through Northwest.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
While there are no late fees if the Annual Report isn’t filed on time, if the report isn’t filed within two months of the due date, the entity may be administratively dissolved by the Secretary of State.
Tennessee Secretary of State Contact Information
Tennessee Secretary of State
Division of Business Services
312 Rosa L. Parks Avenue
Nashville, TN 37243
If you have questions, they can be contacted at (615)-741-2286 or tnsos.corpinfo@tn.gov.
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