When is a Single Member Limited Liability Company (SMLLC) required to file a franchise, excise tax return in Tennessee?

A SMLLC is required to file a franchise, excise tax return when:

  1. it is not disregarded for federal income tax purposes, or
  2. when it is disregarded for federal income tax purposes, but its single member is an entity other than a “corporation.” 

A “corporation” in this context means any entity that is classified as a corporation for federal income tax purposes.  See Important Notice #13-16.

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