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Tennessee annual report: due date, fee, and late penalty

Tennessee LLCs and corporations each have a recurring state filing. LLC annual report: 1st of 4th month after fiscal year end, every year. Corporation annual report: 1st day of 4th month after fiscal year, every year.

FactLLCCorporation
FilingAnnual reportFranchise tax (FAE170)Annual reportFranchise tax
DueAnnual report. 1st of 4th month after fiscal year end, every yearFranchise tax (FAE170). 15th of 4th month after fiscal year end, every yearAnnual report. 1st day of 4th month after fiscal year, every yearFranchise tax. 15th of 4th month after fiscal year, every year
First oneAnnual report. First due the year after formation, on the same fiscal-relative schedule.Franchise tax (FAE170). First due the year after formation.Annual report. The first report is due the year after formation, on the same schedule.Franchise tax. First owed the year after formation, on the same schedule.
FeeAnnual report. Depends on member count - $300 covers up to six members, plus $50 for each member above six, up to $3,000.Franchise tax (FAE170). 0.25 percent of Tennessee net worth, with a $100 minimum owed by every registered LLC regardless of income or activity.Annual report. $20, plus a small online processing fee - corporations do not use the LLC per-member schedule.Franchise tax. 0.25 percent of Tennessee net worth, with a $100 minimum owed regardless of activity.
If lateAnnual report. No late fee; dissolution possible 2 months past due, 2-month fileFranchise tax (FAE170). 5% per 30 days unpaid, capped at 25% ($15 minimum), plus interestAnnual report. No late fee; dissolution at 2 months past due, 2-month fileFranchise tax. Escalating penalties and interest

How to file

LLC: annual report

File on Tennessee's site

LLC: Franchise tax (FAE170)

File on TNTAP

Corporation: annual report

File on Tennessee's site

Corporation: franchise tax

File on TNTAP

If it is late

LLC annual report. Tennessee charges no late fee. The Secretary of State may start dissolving the LLC once the report is two months past due, and you then have two months from its notice to file.

LLC Franchise tax (FAE170). Tennessee adds 5 percent of the unpaid tax for each 30 days it stays unpaid, capped at 25 percent with a $15 minimum, plus interest.

Corporation annual report. No late fee, but the state can begin dissolving corporations two months past due, with two more months to file after notice.

Corporation franchise tax. Tennessee adds escalating penalties and interest until the tax is paid.

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Frequently asked questions

When is the Tennessee LLC annual report due?

1st of 4th month after fiscal year end, every year. Due the first day of the fourth month after fiscal-year close - April 1 for calendar-year LLCs. First due the year after formation, on the same fiscal-relative schedule.

How much is the Tennessee LLC annual report?

Depends on member count - $300 covers up to six members, plus $50 for each member above six, up to $3,000.

What happens if the Tennessee LLC annual report is late?

No late fee; dissolution possible 2 months past due, 2-month file. Tennessee charges no late fee. The Secretary of State may start dissolving the LLC once the report is two months past due, and you then have two months from its notice to file.

When is the Tennessee LLC Franchise tax (FAE170) due?

15th of 4th month after fiscal year end, every year. Due the 15th day of the fourth month after fiscal-year close - April 15 for calendar-year LLCs. First due the year after formation.

How much is the Tennessee LLC Franchise tax (FAE170)?

0.25 percent of Tennessee net worth, with a $100 minimum owed by every registered LLC regardless of income or activity.

What happens if the Tennessee LLC Franchise tax (FAE170) is late?

5% per 30 days unpaid, capped at 25% ($15 minimum), plus interest. Tennessee adds 5 percent of the unpaid tax for each 30 days it stays unpaid, capped at 25 percent with a $15 minimum, plus interest.

When is the Tennessee corporation annual report due?

1st day of 4th month after fiscal year, every year. Due the first day of the fourth month after the fiscal year closes - April 1 on a calendar year. The first report is due the year after formation, on the same schedule.

How much is the Tennessee corporation annual report?

$20, plus a small online processing fee - corporations do not use the LLC per-member schedule.

What happens if the Tennessee corporation annual report is late?

No late fee; dissolution at 2 months past due, 2-month file. No late fee, but the state can begin dissolving corporations two months past due, with two more months to file after notice.

When is the Tennessee corporation franchise tax due?

15th of 4th month after fiscal year, every year. Due the 15th day of the fourth month after the fiscal year closes - April 15 on a calendar year. First owed the year after formation, on the same schedule.

How much is the Tennessee corporation franchise tax?

0.25 percent of Tennessee net worth, with a $100 minimum owed regardless of activity.

What happens if the Tennessee corporation franchise tax is late?

Escalating penalties and interest. Tennessee adds escalating penalties and interest until the tax is paid.

Deadlines in other states