Corporate governance is an increasingly complicated aspect of business law. To promote trust and transparency, both state and federal mandates place many regulatory requirements upon today's corporations. Keeping tabs on them can quite literally be a full-time job. Of course, most corporations do not boast the services of in-house corporate counsel.
At The Bowlin Law Firm, we come alongside Knoxville corporations to help them meet the legal challenges of doing business in the state of Tennessee. We've been doing so since 2005. Whether you're looking for short-term counsel or an ongoing partnership, our expert legal staff can be an extension of your office.
Each state exercises regulatory control over the corporations within its borders. Generally speaking, a corporation conducts business, makes or loses money, and pays taxes as an individual entity. This may be slightly different for charitable, tax-exempt corporations. After all corporate taxes have been paid, profits are distributed to shareholders. In the state of Tennessee, only a single shareholder is required to form a corporation, but the registered office must be a physical Tennessee address. There is no minimum capital requirement to incorporate in Tennessee.
Because The Bowlin Law Firm stays up-to-date on the ever-evolving rules and regulations that govern corporations in Tennessee, you don't have to. Our top-rated Knoxville lawyers can help protect you against potential missteps while improving your overall efficiency. With The Bowlin Law Firm watching your back, you can focus all of your energies on doing the things that your business does best!
For a free consultation about corporate governance, call us today at (865) 325-0883.