Starting a business involves a certain amount of inherent risk. There are no guarantees that the founders of a company will get along, a product or service will sell, or market conditions or competitors will not create unforeseen problems. While entrepreneurs must be willing to take a leap of faith, […]
Tennessee
25 posts
If you are the manager/owner/partner in a corporation or LLC registered to do business in Tennessee, you have an annual report that must be filed with the Secretary of State. If your tax year ends in December, you should have received the notice in the mail this month. Certain information […]
There are many things to consider when choosing the name of a corporation in Tennessee. When reviewing a name, it is good to check the Secretary of State’s list of businesses to make sure no other company has the same or similar name. There is also a statute that sets […]
Did your business stop operating in 2013? Would you like to close it down before having to pay the annual fee? There are multiple ways to close down an LLC in Tennessee, but certain steps should be taken to prevent personal liability of the members after the close of the […]
Many LLCs in Tennessee hold end of the year planning and review sessions during this time of the year. When reviewing your LLC, please remember that there are required records that each LLC must keep at the principle place of business. Below is the Tennessee law that lists the requirements: […]
Did you know there are specific rules and regulations for employing minors in Tennessee? The Child Labor Act sets out these rules and regulations. Below are some of the frequently asked questions: CHILD LABOR ACT Title 50-5-101 – 115 My child is 15 and wants to work. Where do I get […]
If you are business owner in Tennessee, whether it is a corporation, LLC, or partnership, there are special considerations that must be taken into account when dividing up the marital property in a divorce. If the business has been formed or grown during the marriage, most likely part of the […]
Did you know the laws in Tennessee regarding merger, share exchange, and conversion changed at the beginning of 2013? Below is one of the new statutes that sets out some of the rules for a merger. If you are planning to merge two companies, you should make sure you consult […]
Having a disaster plan in place is important no matter what size your business is. As spring is here, storms will be rolling through middle Tennessee on a regular basis. Those of us who were downtown Nashville during the May Flood of 2010 remember the devastation that can happen. We recommend disaster […]
Does your company have any type of harassment policy? Can you name the procedures that go into place if you receive a complaint? Does every employee have a copy of the policy? Are all of your managers properly trained? Does the policy comply with Tennessee law? As you can see, […]