Cost of LLC tax and fees in Tennesse

[Jack Filo]

Hi Memphis Real Estate people,

My name is Jack, and I am in negotiation for a property in Memphis. The property will be under an LLC.

Does anyone know what is the annual fee for the LLC Holding in Tennessee?

Do you know if there is a State tax for the property income in addition to the federal tax?

Any other special comments regarding tax payments for LLC in Tennessee will be highly appreciated. I know the answers of the members of this forum is not a replacement for tax consultation, but I would love to get your input and learn from your experience.

thanks so much

Jack

[Curt Davis]

Anywhere in the $300 range but then you will also have to file a tax return on your rental income so there is possibly another expense.