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LLC in Tennessee

Asked by: dennishawkins@charter.net - 23 November, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Tennessee requires 50 dollars per member to form an LLC. It also says there is a 300 minimum, What exactly does that mean if you want to set up a single member LLC?
Answered by: Robert Kowalski - 24 November, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c Dennis,

The state filing fee in Tennessee is $50 per member, with $300 being the minimum and $3,000 being the maximum.

What that means is this: for LLCs with 6 members or less the fee is $300. For LLCs with 60 members or more the fee is $3,000. For all others the fee is number of members times $50.

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