Tennessee Articles of Incorporation
Articles of incorporation in Tennessee are called a Tennessee charter. This document registers your company's name and intent to do business in Tennessee as a domestic corporation. After the state approves it, your corporation can hold its first board meeting and prepare to begin operations.
Tennessee
What Is a Tennessee Charter?
Articles of incorporation in Tennessee are called a Tennessee charter. A Tennessee charter is the document you file with the Tennessee Secretary of State to form a corporation in Tennessee. Tennessee uses this name for what most states call articles of incorporation. It must list the corporation's name, authorized shares, registered and principal offices, registered agent, incorporators, and a for-profit statement. (Tenn. Code Ann. § 48-12-102)
These public records outline the basic facts about your corporation, which often include:
- Corporate name
- Principal office address
- Registered agent information
- Initial directors, where the state requires them
- Stock information
Use the business formation document which best suits your needs
Articles of Organization Articles of organization are filed with a state to establish a limited liability company, or "LLC." LLCs offer liability and tax protections similar to that of a corporation, but with a different ownership and management structure.
Certificate of Incorporation Some states refer to articles of incorporation as a certificate of incorporation. LegalNature's intuitive forms will create the correct document based upon your chosen state's requirements.
Articles of Amendment Sometimes information on articles of incorporation needs to be changed (e.g. change of company name or address). Articles of amendment are filed with the corporation's state in order to submit amendments to articles of incorporation.
When to Use a Tennessee Charter
A Tennessee charter, or articles of incorporation, is essential to establishing a corporation at the state level. Use it to do the following:
- Form a new corporation: This document officially creates your company as a distinct legal entity
- Register with the state: Filing is required to register your corporation with the Tennessee Secretary of State
- Define company structure: Your charter outlines the basic structure of your corporation
- Protect personal assets: A properly maintained corporation can help shield personal assets from business liabilities
- Plan your tax approach: Forming a corporation is the first step toward choosing C corporation or S corporation tax treatment
- Comply with state law: Tennessee sets specific requirements for forming a corporation, and your charter helps you meet them
- Prepare for future growth: Well-drafted formation documents give your business room to expand
How to create your articles of incorporation
Select Tennessee as your state.
Our articles of incorporation template dynamically changes according to the selected state's requirements. Since each state decides what details will be necessary to form a corporation, the required information can vary from one state to another.
Provide the corporation's name, company address, and other details
When choosing your business name, it is important to consider your state's naming requirements. As for your corporation's company address, keep in mind that it will function as an official business address. For this reason, a street address will most likely be required.
Set forth the corporation's board of directors and officers
Tennessee does not require you to name initial directors in your charter, but you may include them. Directors oversee the corporation and appoint its officers.
Describe the corporation's stock information
Outline the types and number of shares that the corporation is authorized to issue. This is crucial for capital structure and investment strategies. Corporate stock represents an ownership interest in a corporation, typically divided into shares that signify a proportionate ownership stake in the business.
Why create articles of incorporation and a corporation?
A corporation is a business entity formed separately from the owner that can be used to incur business debts, expenses, and tax liabilities related to the business.
The corporate structure creates a legal separation between the business entity and its directors, owners, or officers, shielding them from personal liability if the business faces financial or legal troubles.
It is important to note that this limited liability protection is not absolute and can be compromised if owners fail to maintain proper business practices or engage in fraudulent activities.
Tennessee Charter Requirements
Tennessee sets its own rules for what your charter must include, who can sign it, and what else you must file. These are the Tennessee rules to know before you file.
What Must a Tennessee Charter Include?
Tennessee requires your charter to include the following:
- A corporate name that meets Tennessee naming rules
- The number of shares the corporation is authorized to issue
- The street address, zip code, and county of the initial registered office, and the name of the initial registered agent
- The name, address, and zip code of each incorporator
- The street address and zip code of the initial principal office
- A statement that the corporation is for profit
Tennessee does not require you to name initial directors in your charter, but you may include them.
Who Can Sign and File a Tennessee Charter?
One or more persons may act as incorporators of a Tennessee corporation. You file your charter with the Tennessee Secretary of State.
Does a Tennessee Corporation Need a Registered Agent?
Tennessee requires every corporation to keep a registered office and a registered agent whose office is at the same street address.
These requirements reflect Tennessee's corporation statutes, and some filings may call for more information.
Why choose LegalNature?
Frequently asked questions
Why do I need to file a Tennessee charter/articles of incorporation?
Your charter gives the Tennessee Secretary of State the information it needs to approve your new corporation. State business laws protect consumers and residents, so corporations must meet these requirements to receive the benefits of the corporate structure.
In what state should I register my corporation?
Although businesses can register to conduct business in any state, most businesses choose to organize their corporations in the state where their principal office is located. Although it may make sense to choose a different state for a corporation because of that state’s tax treatment, some states impose additional taxes, making it cheaper to organize under a neighboring state’s laws. If you are considering establishing your corporation in a state other than your own, it is important that you investigate whether that state requires additional paperwork.
Will I need a registered agent?
A registered agent is an individual or business entity residing within the company's state. All registered agents must maintain normal business hours at a physical address that is open to the public. The registered agent’s main function is to ensure reliable communication between the company and any third party, by receiving and forwarding legal documents, notices, or other requests to the company. It is mandatory that every company provides the registered agent's full name. If the registered agent is a business entity, then you should include the entity designation of the business such as Inc. or Co. It is also mandatory that every company provides the address where the registered agent is required to receive any legal correspondence. Check with your state regarding any specific requirements for listing the registered agent's address. LegalNature provides the registered agent with the option to use the company's physical address, the company's mailing address, or any other address where the registered agent is willing and able to receive mail. It is important to point out that some states require the registered agent’s consent in order to be named as such.
How do I file my charter in Tennessee?
You file your charter with the Tennessee Secretary of State, along with any required filing fee. Many states accept filings online or by mail, and mailed filings usually take longer. Some states also offer expedited processing for an extra fee.
Is a Tennessee charter the same as articles of incorporation?
Yes. A Tennessee charter serves the same purpose as articles of incorporation in other states. Tennessee simply uses a different name for the document that forms a corporation.