Tennessee LLC Tax: Everything You Need to Know
Tennessee LLC tax includes the tax rules that apply to limited liability companies (LLCs) operating in the state of Tennessee, as well as the LLCs' owners.3 min read
Tennessee LLC Taxes
An LLC operating in Tennessee must be registered with the state department of revenue and is liable for any required franchise taxes. Depending on the type of business, an LLC may also need to be registered with the county clerk for any local tax requirements.
The franchise tax imposed on LLCs is 0.25 percent of the real and tangible worth or net worth of a property in the state of Tennessee (whichever is greater). The minimum payment for the state franchise tax is $100. Another tax requirement is the excise tax, which is 6.5 percent of the net taxable income that is generated in the state.