In the event an LLC is prohibited from transacting business in this state by its articles but actually transacts business in this state, and, but for § 48-249-1007(d), the LLC would have paid a larger initial or annual filing fee under § 48-249-1007(d), the LLC shall be fined an amount equal to three (3) times the initial or annual filing fee, less the amount actually paid, for each year, or part of each year, in which it actually transacts business in this state.
Tenn. Code Ann. § 48-249-1014
Penalty for transacting business in Tennessee in violation of articles
Known as the Tennessee Revised Limited Liability Company Act
The act spans §§ 48-249-1001 to 48-249-914 (146 sections).
Acts 2005, ch. 286, § 1.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.