Tennessee Nonprofit Articles of Incorporation
Nonprofit articles of incorporation is the document filed to create
a Tennessee nonprofit corporation.
Preparing and filing your articles of incorporation is the first step in starting your
nonprofit corporation. Approval of this document secures your corporate name and
creates the legal entity of the
nonprofit. Only after this approval can you apply for 501c, apply for fundraising licenses,
open a bank account, and otherwise conduct business.
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your organization's
- Is a prerequisite for applying for 501(c) tax exemption
- Provides governance and adds credibility to the business or organization
Other Helpful Tennessee Facts
As you are preparing to incorporate, keep in mind the following requirements specific
to Tennessee, keep in mind:
- Number: minimum 3
- Qualifications: Natural persons. No residency requirement. No membership requirement.
- Term: default is 1 year, 5 year maximum
- Quorum: majority
- Committee: minimum 1 natural person who need not be a director
- A president and a secretary are required.
- One officer prepares minutes of the directors' and members' meetings and authenticates records of the corporation.
- Two or more offices may be held by the same individual, except for president and secretary.
- Members: optional
- Regular meeting: required annually
- Quorum: 1/10th votes
Revised February 10, 2021. Complete data last reviewed February 10, 2021.