Tennessee Incorporation: Incorporate in Tennessee
Incorporation in Tennessee
When you incorporate in Tennessee, you need to understand the bylaws as well as Federal Taxation process. The state of Tennessee has major industries like textiles and agriculture. A new company can be incorporated in Tennessee with the help of the Tennessee Secretary of State.
The first step for incorporation in Tennessee is to choose an appropriate business name which needs to:
- Be different from other registered business entities in Tennessee or any reserved names on record
- Not contain language that indicates that it is associated with any government agency or is formed for a purpose which is permitted by state law and its charter
- Contain words indicating incorporation, or their abbreviations, like: incorporated, corporation, company, Inc or Ltd.
- Not use words or phrases that do not comply to the applicable state laws
When incorporating in Tennessee, all necessary information for the corporate charter needs to be filed with the Tennessee Secretary of State. According to the Tennessee laws, there is certain information that needs to be included to the corporate charter which includes:
- Details on the minimum number of incorporators
- Eligibility to incorporate a company either by an individual or an entity
- List the duties of the incorporation which needs to be signed and filed in the charter with the Secretary of State
- Details of each incorporator which includes name, address and zip code should be listed
In Tennessee, incorporation can take place for any lawful business. S Corporation status is acknowledged by the Tennessee Secretary of State. According to the Tennessee law, there is a need for the copy of the charter to be filed in the Office of the Register of Deeds in the county where the head office is located.