Once you have formed your Tennessee LLC, it is important that you stay on top of your state’s filing deadlines in order to stay in good standing and avoid unnecessary fines and penalties.
This article contains the following sections:
What Is an Annual Report?
In Tennessee, an annual report is a regular filing that your LLC must complete every year to update your business information, including:
- Principal office address
- Registered agent name and address
- Registered agent changes require a separate fee.
- Names and addresses of LLC members or managers
The purpose of this report is to keep your business records up to date with the State of Tennessee. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
How Do I File an Annual Report?
You can file your Tennessee LLC annual report through the Secretary of State website. You will need your Secretary of State Control Number to file, which you can find with the business information search.
The filing fee depends on how many members your LLC has. LLCs with more than six members must pay $50 per member on top of the base filing fee.
File Your Tennessee Annual Report
File Online or by Mail With the Tennessee Secretary of State
Fee: $300+ ($320+ for registered agent changes)
Tennessee Secretary of State
Division of Business Services
312 Rose L. Parks Avenue
Snodgrass Tower, 6th Floor
Nashville, TN 37243
Due Date: Tennessee LLC annual reports are due every year by the first day of the fourth month following your LLC’s fiscal year-end (i.e., LLCs with a fiscal year-end of December will submit their annual reports by April 1).
Late Filings: Any annual report received after the due date will result in your LLC losing its good standing status with the state. Further failure to file an annual report could result in the dissolution of your Tennessee LLC.
Should I Use a Registered Agent Service?
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Secretary of State can dissolve a Tennessee LLC if it does not file an annual report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Tennessee registered agent by reading our guide.