Cumberland Tennessee LLC Franchise & Excise Tax Kept in this browser Demo
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FAE-170
Annual Report
The franchise tax even in a quiet year, the excise past the deduction, and the annual report beside it
FAE-170
Net worth and the $100 minimum, net earnings past $50,000 at 6.5%, and the return by April 15.
 
Annual Report
The Secretary of State's report - $50 a member, $300 at least - due April 1, separate from the tax.
 
These Records
Where they are kept, and how to hand them to your accountant.
 
FAE-170×

A Tennessee LLC - even one with a single member, and unlike a plain sole proprietorship - owes two taxes on one return, the FAE-170, due April 15 for a calendar year. Franchise tax: 0.25% of net worth, but never less than $100, whether the LLC did anything that year or not. Excise tax: 6.5% of net earnings, after a $50,000 deduction. Late: 5% of the tax for each 30 days or part, up to 25%.

Annual Report×

Apart from the tax, the LLC files an annual report with the Secretary of State by April 1 (the first day of the fourth month after its year ends): $50 for each member, at least $300 and at most $3,000. A report left unfiled can end in administrative dissolution.

These Records×
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