Tennessee Business Considerations · Small Business Addendum

Tennessee has no personal income tax on earned income, but does impose a Franchise Tax and an Excise Tax on most business entities, including LLCs and partnerships. It also requires a Standard Business License from the county clerk based on gross receipts. This addendum covers the franchise and excise tax structure, the no-earned-income-tax advantage, sales and use tax, the county business license requirement, annual report filing, registered agent obligations, and unemployment insurance. Written in plain English.

A companion to The Small Business Owner's Guide to Clean Books by Tidecount Financial Services.