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TENNESSEE DEPARTMENT OF REVENUEFRANCHISE, EXCISE TAX RETURN Taxable Year FAE 170FEIN or Subaccount No. Beginning: Ending:Due Hatcheck APPROPRIATE BLOCK(S): j. Single Member LLC/Division Tennessee
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01
Choose a name for your single member LLC/general partnership.
02
Check if the name is available and meets the requirements of your state.
03
File the necessary documents with the state agency responsible for business registrations.
04
Pay the required filing fee.
05
Obtain any required licenses or permits for your business.
06
Obtain an Employer Identification Number (EIN) from the IRS if necessary.
07
Create an operating agreement or partnership agreement that outlines the rights and responsibilities of the members/partners.
08
Comply with any ongoing reporting and tax requirements of your state and the IRS.
09
Maintain proper records and documentation for your business.
10
Seek legal and/or tax advice if necessary.

Who needs single member llcgeneral partnership?

01
Individuals who want to start a business but prefer to have a simpler business structure.
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Entrepreneurs who want to have full control and ownership of their business.
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Small business owners who want flexibility in managing their business.
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Individuals who want to protect their personal assets from business liabilities.
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Businesses that do not require multiple owners or partners.
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A single member LLC general partnership is a type of business structure where one individual is the sole owner of the LLC and operates it as a partnership.
The owner of the single member LLC general partnership is required to file the necessary paperwork with the appropriate state authorities.
To fill out the paperwork for a single member LLC general partnership, the owner must provide information about the business, such as its name, address, and ownership structure.
The purpose of a single member LLC general partnership is to provide a legal structure for an individual to operate their business while also benefiting from the liability protection offered by an LLC.
The owner of a single member LLC general partnership must report information such as the business's financial activities, ownership changes, and any other relevant updates to the state authorities.
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