Tennessee is one of the most famous states in the United States of America. If you want to register a business in Tennessee, then you should have a good understanding of the process.
There are certain things that you need to be aware of before registering a business in Tennessee. Here are some basic things that you need to know.
Know about the business registration procedure
You need to know about the business registration process in Tennessee because it is a simple process and it won’t take much time. You can simply follow the procedure and get registered.
You need to know that there are two types of businesses that you can register, namely, sole proprietor and corporation. The sole proprietor is the owner of the business and the corporation is the company that has more than one shareholders.
In the state of Tennessee, there is no minimum capital requirement to register a business, but it is a good idea to have some money in the bank. The minimum capital for a sole proprietor is $5,000 and for a corporation it is $10,000.
You need to know that there are certain things that you need to consider before starting a business, including location, name, and type of business. You need to make sure that the name that you are going to use for the business is not already in use.
In order to register a business, you need to complete the following steps:
The first step is to file the required forms with the Tennessee Department of Commerce and Insurance. You need to fill out the forms with all the necessary information about your business.
The second step is to pay the filing fees. You will be able to pay the filing fees online or through a mail. The amount that you will pay depends on the type of business that you are going to register.
The third step is to complete the Business License application form. The form needs to be completed by a person who is at least 18 years old. You can easily get this form from the Department of Commerce and Insurance.
Once you have filed the required forms, you will receive the official certificate. This certificate will serve as proof that you have registered the business.
Conclusion:
If you want to register a business in Tennessee, then you need to follow the above steps. You can easily register a business if you know the procedure. I hope that this post will help you to understand how to register a business in Tennessee.
