What is A Tennessee Amendment?
Tennessee requires businesses to undergo the amendment process if they intend to make changes to the information that they originally listed on the Articles of Incorporation/Organization. This process requires the submission of paperwork to inform the state and formalize the changes.
Reasons Why You Need To File An Amendment
The state requires the filing of an amendment for various reasons. Generally, you will have to file an amendment if the change that your company wants to adopt will affect the formal entity structure of your business.
A. Changing The Company Name –
- LLCs
If you think your Tennessee LLC has to change its name, you will have to go through the legal process. Make sure you comply with the naming requirements. The name that you want should also be available for use. Aside from the amendment, your company also has to update all its state and government records.
- Corporations
Some Tennessee corporations decide to change their names either to rebrand or expand their operations. No matter what the reason is, you have to follow a process. Make sure the name you choose follows the state regulations in Tennessee and is available for you to use. Then file an amendment. Additionally, your corporation has to make changes to all official records with the government.
B. Changing Members Of The Business – Tennessee is one of the states that does not allow businesses to change information about their officials through an amendment. If this is the type of change your company wants to do, update the information in your company’s annual report.
C. Changing Address Related To The Business –
- LLCs
If you moved your LLC’s office, you have to inform the state. However, you can only change the principal address if you choose to file an amendment. For the mailing address, your company will have to contact the Division of Business Services by mail, email, or in person.
- Corporations
The same is true for Tennessee corporations. An amendment is applicable if you want to change the principal address of your company. However, you cannot use it to change the mailing address of your business. To do this, contact the Division of Business Services by mail, email, or in person.
D. Changing Contact Information –
- LLCs
Aside from your LLC’s address, the Department of State has to know how to contact your company. You have to inform the state if you change the contact information of your Tennessee LLC. Generally, the point of contact for the state with your LLC is the registered agent. File an amendment if there are changes related to the agent.
- Corporations
File an amendment with the state if you change the contact information of your Tennessee corporation. This way, the Department of State can easily access your company for any legal queries. The state requires all companies to have a registered agent as the point of contact with the state. Any changes in the contact details of the agent must be reported through an amendment.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue –
Tennessee LLCs do not have to worry about this amendment because this change does not apply to them. However, Tennessee corporations issue stock. The company needs to file an amendment if it plans to change the authorized stock the company can sell.
What Is Needed To File An Amendment?
LLC
Tennessee LLCs have to file a completed Articles of Amendment to Articles of Organization (LLC) with the Division of Business Services of the Department of State. You can download the form from their website. You can also draft your articles if you do not want to use the form. Filing comes with a $20 fee.
Corporation
Corporations, on the other hand, have to submit the completed Articles of Amendment to the Charter (For-Profit) with the Division of Business Services of the Department of State. You can access the form on their website. The state also allows you to create your own articles if you want. You will also need to include a $20 filing fee.
How Can DoMyLLC Assist With Streamlining The Process?
Making changes to a company’s formation documents require proper completion and filing of paperwork. Depending on the changes, you may also have to take care of other documents. To help ease the process, you can turn to a reliable document filing company like DoMyLLC. Our team can provide support and assistance to Tennessee business owners who need help in handling formalities to ensure compliance with the state.
Tennessee Amendment FAQs
Is There A Filing Fee For The Amendment?
Filing for an amendment in Tennessee comes with a $20 filing fee.
What Information Is Required For The Articles Of Amendment?
LLCs have to provide the following information
- Company name
- LLC’s control number, if known
- Effective date
- Exact text of the amendment
- Adoption date
- Authorized signature
Corporations have to provide the following information
- Company name
- Effective date
- Exact text of the amendment
- Adoption date
- Manner of adoption
- Authorized signature
How Long Does It Take The State To Process The Amendment?
The Division of Business Services of the Department of State usually takes 3-5 business days to process mailed documents. If you submit in person, the division will process your documents while you wait.
Do You Receive A Copy Of The Certified Amendment From The State?
The Division of Business Services will mark the documents Filed and stamp them with the name and title of the Department of State. After that, they will store an image of the document and return the original copy to your company.
Tennessee Business Resources
Tennessee Office of Secretary of State
Phone:
(651) 296-2803
Address:
Tennessee Department of State
312 Rosa L. Parks Avenue, 6th Floor
William R. Snodgrass Tower
Nashville, TN 37243-1102
If you’re interested in more info on filing an amendment, call 888-366-9552.