• The name must include "corporation," incorporated," "company," or abbreviation of similar meaning, including words or abbreviations in foreign language. The name must be distinguishable upon secretary of state's records from corporate name or assumed name of domestic or qualified foreign corporation or name reserved or registered under Tennessee law; or the name of a not for profit corporation, limited partnership, or limited liability company.

Articles of Incorporation Requirements

• Director Information
  • Minimum Number - One or more.
  • Residence Requirements. - No provision.
  • Age Requirements - None.
  • Directors are required to be listed in the articles of incorporation.

  
  

• Officer Information
  • The officers are not required to be listed in the articles of incorporation.

  
  

• Stock Information
  • No extra filing fees based on number of share or amount of par value.

  
  

Yearly Requirements

• Annual Statements
  • Every domestic corporation and every foreign corporation authorized to transact business in Tennessee (except state and national banks) must file an annual report with the Secretary of State by the 1st day of the 4th month following the close of the corporation's fiscal year. Filing fee is $20.
    
    
• Income Tax Rate
  • 6% of net earnings.
  • Also must pay an excise tax based on stock amount. The tax rate is 25� per $100, or major fraction thereof, of issued and outstanding capital stock, surplus, and undivided profits as shown on the corporation's books and records at the close of its last fiscal year preceding the making of the required report. Minimum tax is $10.

For more information on taxes, visit www.state.tn.us/revenue