One of the requirements of maintaining an 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 Secretary of State.
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
- Contact information of the Registered Agent
- Name and address of the officers, directors, members and/or managers
Annual Report Cost
The cost to file 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 Reports for Tennessee Corporations and LLCs are due by the 1st day of the 4th 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 Annual Report would be due 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.
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 firstname.lastname@example.org.