How to Form a Tennessee Corporation

Incorporation is the process of forming a new corporation. When a business incorporates, it becomes a separate legal entity from its owners, offering benefits like limited liability protection and potential tax advantages. People interested in incorporation are typically entrepreneurs or small business owners looking to protect their personal assets, establish credibility, and attract investors.

Forming a Tennessee corporation has its unique requirements and procedures. Tennessee law governs the formation of corporations in the state, and there are specific steps that need to be followed to establish a corporation in Tennessee.

To form a Tennessee corporation, follow these steps:

1. Choose a Corporate Name: Select a unique name for your corporation that complies with Tennessee's naming requirements.

2. Appoint Directors: Decide on the initial directors of your corporation.

3. File Articles of Incorporation: Submit the Articles of Incorporation to the Tennessee Secretary of State.

4. Create Corporate Bylaws: Draft the bylaws that will govern your corporation's internal operations.

5. Hold an Organizational Meeting: Hold a meeting to establish the corporation's structure and appoint officers.

6. Obtain an EIN and Business Licenses: Obtain an Employer Identification Number (EIN) from the IRS and any necessary business licenses.

7. Comply with Ongoing Requirements: Fulfill any ongoing requirements, such as filing annual reports and maintaining corporate records.

By following these steps and complying with Tennessee's specific regulations, you can successfully form a Tennessee corporation.

If you have any further questions or need assistance with incorporating your business, consider consulting with legal experts or using tools like Contractable to streamline the process.