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Tennessee Code Title 48. Corporations and Associations § 48-101-704

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A nonprofit corporation may organize a nonprofit LLC by filing articles of organization prominently designating it as a nonprofit limited liability company with the office of the secretary of state consistent with the Tennessee Limited Liability Company Act;  provided, that an LLC shall qualify as a nonprofit LLC only if the LLC is disregarded as an entity for federal income tax purposes.  No more than one (1) nonprofit corporation may be a member of a nonprofit LLC.

Cite this article: - Tennessee Code Title 48. Corporations and Associations § 48-101-704 - last updated January 01, 2020 |

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