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Tennessee Franchise and Excise Tax Exemption Form

Tennessee Franchise and Excise Tax Exemption Form

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[Music] hi this is Dan Smith of DPS legal counsel and welcome to today's video where I'm going to be talking about three taxes that Tennessee businesses are subject to and so if you're thinking about starting a Tennessee business and you're wondering what are the taxes that I'm going to be subject to by having a business in Tennessee I want to talk about that particular question today so the first the first tax that you will be subject to as a Tennessee business if you're selling goods to the public is the Tennessee sales tax if you're a business person and have in the past sold goods to the public then you're familiar with the sales tax because the sales tax applies in essentially every state every state has its own different tax rate in Tennessee the tax rate varies depending on where in Tennessee your business is located for example in some counties it may be higher than in other counties because there's a local component to the sales tax but if you do have a business in Tennessee t

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