Tennessee Statutes
§ 48-101-805 — Requirements of domestic and foreign LLCs
Tennessee·Title 48
A domestic or foreign nonprofit LLC under this part must:
(1)Be disregarded as an entity for federal income tax purposes; and (2) Have as its sole member a nonprofit corporation, whether foreign or domestic, that is incorporated under or subject to chapters 51-68 of this title and that is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004 .
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 48-101-805 (Requirements of domestic and foreign LLCs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2006, ch. 620, § 6.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration