Tennessee Code 48-247-110 – Penalty for transacting business in Tennessee in violation of articles
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 48-247-110
- Business: includes every trade, occupation, profession, investment activity and other lawful purpose for gain or the preservation of assets whether or not carried on for profits. See Tennessee Code 48-202-101
- LLC: means a limited liability company, organized under chapters 201-248 of this title. See Tennessee Code 48-202-101
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
In the event that the LLC is prohibited from transacting business in Tennessee by its articles but actually transacts business in Tennessee and but for § 48-247-103(d) it would have paid a larger filing fee, the LLC shall be fined an amount equal to three (3) times the annual filing fee, less the amount actually paid, for each year or part thereof in which it actually does business in Tennessee.