Consistent with § 67-4-2007(d) for excise tax purposes and § 67-4-2106(c) for franchise tax purposes, a nonprofit LLC shall be disregarded as an entity separate from the nonprofit corporation that is the sole member of the nonprofit LLC for purposes of all state and local taxes. The nonprofit LLC shall file annual reports and other filings with the office of the secretary of state as required of all LLCs.
Structure 2021 Tennessee Code
Title 48 - Securities, Corporations and Associations
Chapter 101 - Special Purpose Corporations and Associations
Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act
§ 48-101-802. Part Definitions
§ 48-101-803. Application of the Tennessee Revised Limited Liability Company Act
§ 48-101-804. Organization as a Nonprofit Llc