Sole proprietorship nashville tn

Employees are very friendly. Extremely convenient Goodwill drop off location! Just pull into the garage and the friendly employees get the things you are donating out of your…. I usually miss your sales each year.

I search and search to find when they are to be held and cannot locate the information. Is there a way to…. Great location for Many areas of Nashville. Bathrooms aren't always clean, but selection is organized. Check out lines can be very long when they….

Great customer service, timely manner, and affordable. I work here. Tons of classes to choose from! The leaders are quite knowledgeable! There is a swimming…. This location does so much for the community. I love it! I have been volunteering and taking courses here since relocating to Nashville. Do not let the outside appearance fool you, this place is not small and there are lots of activities for the whole family.

Liability falls exclusively on the owner of the business. Fortunately, insurance policies are readily available for these types of entrepreneurs. Contract and tort risks are made much less of a concern with the security of solid insurance coverage.

Persons who start sole proprietorships maintain ownership until they make the decision to shut it down, or until they pass away. In the event of the latter scenario, proprietorship may be transferred to an intended party if the owner includes transferability instructions in his or her last will and testament. The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state.

Grow Your Legal Practice. Meet the Editors. How to Establish a Sole Proprietorship in Tennessee. To establish a sole proprietorship in Tennessee, here's everything you need to know. There are four simple steps you should take: Choose a business name. File a fictitious business name. Obtain licenses, permits, and zoning clearance. Obtain an Employer Identification Number. Choose a Business Name In Tennessee, a sole proprietor may use his or her own given name or may use a trade name.

To make sure your business name is available, run a search in the following government databases: Tennessee Secretary of State U. File a Fictitious Business Name If you use a business name that is different from your legal name, Tennessee has no legal requirement for registering a fictitious business name with a state agency.

Obtain Licenses, Permits, and Zoning Clearance Your business may need to obtain business licenses or professional licenses depending on its business activities. For information on types of business entities and tax treatment consult the IRS. A business entity that has failed to file its annual report on a timely basis may be administratively dissolved and placed in inactive status. The filing history of every business is shown in the Business Information Search. You can change the mailing address for a business via e-mail, regular mail, or in person.

A change in Registered Agent or principal address requires filing Articles of Amendment and paying the statutory filing fee. The statutes do not require the use of an attorney to incorporate; however, enlisting the services of a professional may be advisable.

The charter is the document filed to become incorporated. It is composed of the articles of incorporation that set forth certain minimum information about the corporation that is required by law. The incorporator is the person that files the charter of the corporation.

The incorporator must be of legal age to enter into contracts. An assumed name, also known as a DBA doing business as or fictitious name, is a name other than the true corporate name under which the corporation conducts business. These taxes are paid to the Tennessee Department of Revenue. Click here for tax delinquencies. When do I need a certificate of tax clearance from the Department of Revenue?

Failure to pay your franchise or excise tax will prevent you from receiving tax clearance which is needed to dissolve or terminate a corporate business. The Division of Business Services administratively dissolves the corporation by issuing a Certificate of Dissolution.

The certificate shows the reason s for dissolution and its effective date. An administratively dissolved corporation continues its corporate existence but may not carry on any business except that which is necessary to liquidate its business, close operations, and notify claimants. The administrative dissolution of a corporation does not terminate the authority of its registered agent.

A corporation transacting business in Tennessee is required to have a person or legal entity located in this State designated to receive documents on its behalf, and this function is served by the registered agent. The board of directors is a group of people who direct and oversee the business activities of the corporation. The board hires officers to conduct the day to day operation of the corporation.

In the case of small, tightly held corporations, the board of directors and the officers may serve in both capacities. Bylaws are the code or rules by which the corporation is run, and explain the conditions and limitations that the corporation must follow in conducting its business.

Authorized shares are the number of shares that the charter allows the corporation to issue.