For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Consideration.

Tenn. Code Ann. § 48-56-102
in effect
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48-56-102. Consideration. Except as provided in its charter or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board. Acts 1987, ch. 242, § 6.02.
Source: Tennessee Code (state release 76 via Public.Resource.Org) + public chapters (Tennessee Secretary of State)URL: https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.48.htmlFetched: 10/24/2026

Starting a business in Tennessee? Tennessee LLC guide: costs and requirements