[Main](start) | [Business](:per_business) # S Corporations Starting an S-Corporation (S-Corp) in Tennessee involves several steps. Keep in mind that the process may vary, and it's recommended to consult with a legal or business professional for personalized advice. As of my last knowledge update in January 2022, here are general steps you can follow to start an S-Corp in Tennessee: 1. **Name Your Corporation:** - Choose a unique and distinguishable name for your corporation. - Ensure the name complies with Tennessee's naming rules. 2. **Choose a Registered Agent:** - Appoint a registered agent with a physical address in Tennessee who will receive legal documents on behalf of your corporation. 3. **File Articles of Incorporation:** - Prepare and file Articles of Incorporation with the Tennessee Secretary of State. - Include essential information such as the corporation's name, purpose, registered agent details, and the number of authorized shares. 4. **Create Corporate Bylaws:** - Draft corporate bylaws outlining how your corporation will operate. - Specify details such as the roles of officers and directors, meeting schedules, and decision-making processes. 5. **Hold an Organizational Meeting:** - Conduct an organizational meeting of the board of directors. - Adopt bylaws, appoint officers, and handle other initial organizational matters. 6. **Obtain an EIN (Employer Identification Number):** - Apply for an EIN from the IRS. This is a unique identifier for your corporation, necessary for tax purposes. 7. **Elect S-Corp Taxation Status:** - If you want your corporation to be treated as an S-Corp for tax purposes, you must file IRS Form 2553, Election by a Small Business Corporation. 8. **Register for State Taxes:** - Register your S-Corp for state taxes with the Tennessee Department of Revenue. 9. **Obtain Necessary Permits and Licenses:** - Depending on your business type, you may need specific licenses and permits. Check with local and state authorities for requirements. 10. **Annual Reporting and Compliance:** - Ensure compliance with ongoing requirements, including annual reporting and any other obligations outlined by state law. It's important to note that the information provided here is a general overview, and legal and business requirements may change. Consider consulting with a business attorney or using online business formation services to ensure all necessary steps are taken correctly and in compliance with current regulations. ## Links - [Examples of Corporate Bylaws](https://www.upcounsel.com/sample-bylaws-for-s-corp) - [IRS Rules](https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations) - [Directors vs. Officers](https://www.indeed.com/career-advice/finding-a-job/director-vs-officer) - [Distributing and Retaining S-Corp Earnings](https://smallbusiness.chron.com/distribute-net-profits-before-years-end-s-corp-46678.html)