§ 48-101-805. Requirements of domestic and foreign LLCs.

TN Code § 48-101-805 (2019) (N/A)
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(1) Be disregarded as an entity for federal income tax purposes; and

(2) Have as its sole member a nonprofit corporation, whether foreign or domestic, that is incorporated under or subject to chapters 51-68 of this title and that is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004.