Florida vs Tennessee LLC Cost (2026): $264 vs $600
Side-by-side LLC formation cost comparison for Florida and Tennessee: filing fees, annual report costs, processing time, and tax implications.
Forming an LLC in Florida costs $264 in year one — $336 cheaper than Tennessee ($600).
Florida
Lower CostTennessee
Full LLC Cost Comparison: Florida vs Tennessee
| Factor | Florida | Tennessee |
|---|---|---|
| State filing fee (one-time) | $125 | $300 |
| Annual report fee | $139 / per year | $300 / per year |
| Processing time | 3–5 business days | 1–3 business days |
| State income tax | No income tax | No income tax |
| First-year total | $264 | $600 |
Florida saves you $336 in year one compared to Tennessee.
Florida LLC Notes
Florida has no personal income tax, making it popular for small business owners.
Tennessee LLC Notes
Tennessee's minimum annual report fee is $300, which covers up to 6 members.
Which State Should You Actually Use?
For most small businesses, form your LLC where you actually do business — not where the filing fee is cheapest. If you operate in Florida, form there. If you operate in Tennessee, form there.
- Forming in your home state: Simpler compliance, no registered agent needed in another state, no foreign qualification fees.
- Forming in Wyoming or Delaware: Makes sense for investor-backed startups, multi-member LLCs with complex ownership structures, or businesses operating in multiple states.
- Key cost trap: If you form in Tennessee but operate in Florida, you'll pay both states' fees — eliminating any savings.
Compare More LLC Formation Costs
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