Tennessee LLC Annual Report – File an LLC Annual Report in Tennessee.


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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Tennessee LLC annual report filing in Tennessee.

An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.

Contents of the Annual Report

Typically the annual report filed by an LLC in Tennessee (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report  or the annual franchise tax report are

  • Office Address of the LLC
  • Names & Addresses of the Members & managers.
  • Identification Documents
  • Social Security numbers of the key members of LLC
  • The objective of the business of LLC
  • List of all the signatories of the LLC
  • Information of the registered agent, if any

Tennessee LLC Annual Report

An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Tennessee Annual Report is filed with the Tennessee Secretary of State.

Does the State of Tennessee Require an Annual Report Filing?

It is mandatory for every business entity in Tennessee to file an annual report with the Tennessee Secretary of State. This rule applies to all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, bound to file the Annual Report.

Annual Report Deadline

As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in Tennessee has to file the Annual report every year, on the first day of the fourth month, post their fiscal year-end with the Tennessee Secretary of State. So an LLC that has a fiscal year ending in December shall submit the report by the 1st of April.

Penalties for Non-filing or late filing

An Annual Report is one of the important documents filed by an LLC. Any report filed after the due date may result in the LLC losing good standing status. If there is a further failure in filing the report, it may result in the dissolution of the LLC.

Why Do LLCs Have to File the Annual Report?

Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,

To Maintain the Accuracy of the Information

An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.

To Provide the Correct Correspondence

Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.

To Notify the Government About All the Significant Changes

If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.

To Provide an Activity Log of an LLC

The Annual Report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.

To Help You With the One-time Filing of Taxes

The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government. 

To Enable the State to Track the Payments

The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.

How to File a Tennessee LLC Annual Report

The Tennessee LLC Annual Report can be filed online or by mail. An LLC operating in Tennessee has to file the Annual report every year, on the first day of the fourth month, post their fiscal year-end with the Tennessee Secretary of State. So an LLC that has a fiscal year ending in December shall submit the report by the 1st of April.

Steps to File Tennessee LLC Annual Report Online

Time needed: 5 minutes.

Below is the procedure to file the Tennessee LLC Annual Report online.

  1. Visit Tennessee Secretary of State Site.

    The first step in filing the Tennessee Annual Report is to visit the Tennessee Secretary of State Site. tennessee-llc-annual-report

  2. Click on the “File an Annual Report” link.

    From the list of processes displayed on the site, click on the File an Annual Report link.

  3. Click on the “E-file Annual Reports” link.

    Scroll down and click on the “E-file Annual Reports” link under the “What you can do here section.”tennessee-llc-annual-report

  4. Enter the Secretary of State Control Number.

    Enter the Secretary of State Control Number in the text box & click on begin to start filing the report.tennessee-llc-annual-report

Filing Tennessee LLC Annual Report By Mail

To file the LLC Annual report in Tennessee, you can follow the steps as mentioned below,

  • Visit Tennessee Secretary of State Site
  • Click on the “File an Annual Report” link
  • Scroll down and click on the “Print & Mail Annual Reports” link, under the What you can do here section
  • Enter the Secretary of State Control Number in the text box & click on begin.
  • Download the form on your computer
  • Fill in the required information & send the printed copies of the forms and relevant documents to the address: Tennessee Secretary of State, Division of Business Services, 312 Rose L. Parks Avenue, Snodgrass Tower, 6th Floor, Nashville, TN 37243

Tennessee LLC Annual Report (Domestic & Foreign)

State Office:Tennessee Secretary of State, Division of Business Services, 312 Rose L. Parks Avenue, Snodgrass Tower, 6th Floor, Nashville, TN 37243
Links to Website, Forms
Due Date:An LLC operating in Tennessee has to file the Annual report every year, on the first day of the fourth month, post their fiscal year-end with the Tennessee Secretary of State. So an LLC that has a fiscal year ending in December shall submit the report by the 1st of April.
Filing Fee:$300 (Additional $20 for registered Agent)
Penalty:Any report filed after the due date may result in the LLC losing good standing status. If there is a further failure in filing the report, it may result in the dissolution of the LLC.
Filing Method:An LLC can file the Annual Report Online or by mail.
Forms:Form
Important Information:Once a Domestic or Foreign Tennessee Limited Liability Company submits the Annual Report along with the prescribed fees to the Tennessee Secretary of State, the filing is said to be complete.

Seek the Help of a Registered Agent

Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.

Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:

  1. Streamlining the mandatory processes & filing.
  2. Sending or receiving any documents.
  3. Reminding you about important dates of filing or payment of taxes. 
  4. Simplifying the filing procedures.
  5. Avoid any penalties.
  6. Flexibility in working.
  7. Maintaining Privacy (as it keeps your personal records off the public record)

You can read more about a Tennessee Registered Agent here.

How Fast Can I Fill Tennessee LLC Annual Report

Deadline for filing annual reports in Tennessee is the April 1 with the Tennessee Secretary of State. Failing to do so may result in dissolution of the LLC.

If you are planning on creating an LLC in Tennessee, you will need to file various documents with the state on a yearly basis. One of these documents is the annual report. This document is required to be filed by the first day of the fourth month following the fiscal year. You will need to pay around $300 for this filing. If you have more than one member, the fee will increase by $50 each.

It is important to remember that your business will need to update its records with the state to stay in good standing. Whether your company is new or old, the state needs to have accurate contact information so it can collect taxes and handle service of process. If you fail to update your records, your company could be administratively dissolved.

Your business is required to file an annual report in Tennessee, and failure to file it will lead to your corporate charter being revoked by the state. Fortunately, there are affordable services that can help you comply with these requirements. Whether you need help filling out the annual report or preparing and filing it, Active Filings is here to help.

You can fill out the Tennessee LLC Annual Report online or in the mail. Make sure to have your Tennessee LLC Control Number available before starting the process. The deadline for filing this document is April 1 of each year. If your fiscal year ends in December, you must file your annual report by April 1. If you do not have a control number, you can fill out the form online. The process is simple and only takes 30 minutes. You will be asked for information about your business and your members. Make sure to include addresses of all members, since this is helpful when filing franchise tax. It also helps prevent penalties for noncompliance.

The fastest and easiest way to file an annual report is online. This method will allow your filing to be processed immediately. To complete your annual report online, visit the Business Services Online page and fill in the required information. Then, confirm that you are the correct business, enter your payment information, and submit the form. The website even has a video walkthrough of the process that will help you complete the form without any problems.

As an LLC owner in Tennessee, you should know that you’ll need to file for franchise and excise taxes. If your business sells goods to customers in Tennessee, you should register your business with the Department of Revenue (DOR). You can either file your annual report online or in person at a DOR location. The Tennessee Department of Revenue website has more information about these tax obligations.

The filing fee is usually between $50 and $100 for the first member, and then $20 for each member after that. You can also pay by eCheck, which costs $0.95. You should file your annual report annually to avoid losing tax exemptions or the ability to file your taxes.

FAQs

Is it essential to file an Annual Report?

Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.

What are the contents of the Annual Report?

A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.

Why is hiring a Registered Agent necessary in filing the Annual Report?

A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.

What do I have to do for the annual business report preparation?

The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.

Do the filing fees change as per the types of companies?

Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.

In Conclusion

An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.

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