How to File an LLC Annual Report in Tennessee

In Tennessee, your LLC is legally required to file an annual report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date. 

What Is an Annual Report?

Your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing. 

Who Needs to File an Annual Report?

Any business that is legally registered with the state of Tennessee must file this report, which includes detailed information about your business. 

How to File a Tennessee Annual Report

In Tennessee, the annual report is filed with the Secretary of State. You can file online by visiting the Secretary of State website and taking the following steps. 

1. From the File an Annual Report page, click Start Now.
   

2. Enter your Secretary of State Control Number and click Begin.
3. Follow the prompts and fill in all of your information.
4. Pay the appropriate fee and complete your filing.

NOTE: In Tennessee, the annual report fee depends on the number of LLC members, or owners.  There is a $300 minimum that, if you have more than six members, increases by $50 per member up to a maximum of $3,000.

Alternatively, you can submit your annual report by mail. Send your completed documentation and appropriate fee to:

Tennessee Secretary of State
Attn: Annual Report
6th Floor – Snodgrass Tower
312 Rosa L. Parks Avenue
Nashville, TN 37243

In Tennessee, annual reports are due every year by the first day of the fourth month after the end of your LLC’s fiscal year. For example, if your fiscal year ends on December 31st, your annual report will be due on April 1st.

There is no monetary penalty for filing your annual report late. However, if you fail to file your annual report on time, you will lose your good standing status and risk the state dissolving your LLC. 

Filing Fee

As mentioned above, the fee for filing an annual LLC report depends on the number of members, up to a maximum of $3,000. 

What Happens After I File my Tennessee Annual Report?

After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.  

Conclusion

Filing an annual report is a requirement for LLCs in Tennessee, so it’s critical that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.