Incorporation in Tennessee

Find the right Business Incorporation attorney in Clarksville, TN

Under Tennessee law, a business may incorporate. If it chooses to do so, it is thereafter recognized as its own legal entity. After incorporation, buying and selling property, assenting to contracts and exercising legal rights are considered acts of the business itself and not its owners. In Tennessee, the process of incorporation is begun by filing with the Secretary of State in accordance with specific guidelines.

Benefits of Incorporation in Tennessee

An incorporated business enjoys certain benefits, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. Had the business remained unincorporated, owners risk losing their personal property should the business become unable to pay its liabilities. A corporation also allows creditors in the Clarksville area to assess the credit worthiness of the business as a whole rather than that of its owners, allowing the business to receive loans more easily. Lastly, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Costs of Incorporation

Incorporation can be costly. First, a modest filing fee may be charged in Tennessee for any business that wants to incorporate. Also, a corporation is taxed as its own entity. The individual incomes of the owners are still taxed also, and this can mean the same income is taxed twice, known as double taxation. With proper planning and assistance from a local Clarksville lawyer, you can avoid this disadvantage.

Talk to a Business Law Attorney now!

Life in Clarksville

Clarksville, Tennessee is a city located in, and serving as the county seat of, Montgomery County. It has a population of over 132,000 people.

Clarksville was founded in 1785, making it the oldest incorporated city in Tennessee. However, human habitation of the area that now includes Clarksville, Tennessee dates back at least 11,000 years.

Modernly, Clarksville, Tennessee's economy is dominated by industry. Major industrial employers in Clarksville, Tennessee include American Standard, the Trane company (Clarksville's largest employer - a manufacturer of industrial ventilation equipment), and many others. In addition to employing a large number of blue-collar workers, these (and other) corporations also have many administrative employees, including accountants and Clarksville, Tennessee lawyers.

Because of the presence of large corporations, as well as a population of blue-collar workers, the lawyers of Clarksville, Tennessee are capable of handling a wide range of cases. So, if you need an attorney, chances are there's a lawyer in Clarksville, Tennessee who can help.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA