Startup Costs in Tennessee

LLC Fee
$300
Sales Tax
7.00%
Min Wage
$7.25/hr

Tennessee charges no state income tax on wages or salary, which is a significant advantage for business owners. Nashville is one of the hottest markets in the country for food, fitness, and service businesses, though rapid growth has pushed commercial rents higher. Memphis and Chattanooga offer much lower costs with solid consumer markets. The state's 7% sales tax rate is among the highest.

Cities: Nashville, Memphis, Knoxville, ChattanoogaIndustries: Healthcare, Music & Entertainment, Logistics, Automotive

Tennessee Cost Guides (10)