How to Start a Business In Tennessee
There are some specific steps to starting a business in Tennessee.
The state of Tennessee has resources that will help you start a business in Tennessee: Tennessee Smart Start and Register a New Business In Tennessee
1. Register your business name.
Find out more about registering a fictitious name here: https://tnbear.tn.gov/ECommerce/NameAvailability.aspx
If you need help choosing a business name: 12 Tips to Help Choose a Business Name
2. Select a business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc.
3. Register your business.
You can register your new business with the state of Tennessee here:https://tnbear.tn.gov/Ecommerce/RegistrationInstr.aspx
4. Open a Business Checking Account.
You will need to open a separate bank account for your business with your new business name.
5. Find out about taxes, hire an accountant.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More information about taxes here:
6. Get Liability Insurance.
Depending on what type of services you plan to offer, you may want to consider liability insurance.