How To Set Up an LLC in Tennessee Part 1 - Starting a Business in Tennessee

[@greenegreene6042]

Thanks for sharing your time to provide us with this information! ❤️

[@BNelly901]

This is so clutch man! Angelic of you! Thank you 💖🙏🏾

[@johndoliver8233]

thank you for this, friend

[@mrbillcollecta]

Thank you so much for this

[@coachaprildulac]

In TN an LLC has to pay 6.5% excise tax on net income. only a few are exempt from this. It is something I wish I knew ahead of time and now have tons of things to do to dissolve the llc and just have it as a SP who doesn't have f&e tax in TN.

[@JackieHerald-j8l]

I'm finding that out as well. Went into my business "blind" and now I see the light. I may have to dissolve my LLC, but was pushed to get a LLC, did not know about the franchise and excise tax. I make very little and it's now all being paid in taxes, which is a damn shame.