Understanding Tennessee's F.O.N.C.E. Exemption to LLC Franchise and Excise Taxes: A Guide for Family-Owned Entities
Tennessee offers a valuable tax exemption for qualifying family-owned non-corporate entities (FONCE), allowing them to be exempt from the state's franchise and excise taxes. This exemption is particularly beneficial for families engaged in passive investments or farming.
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- Estate Planning
- Revocable Living Trust
- Asset Protection
- Business Law
- Business Taxes
- Business Formation
- Tennessee Business Law
- LLC
- Will
- Franchise and Excise Tax
- Beneficiary Deeds
- DIY Estate Planning
- Federal Estate Taxes
- Guardianship
- Transfer on Death Deed
- General Durable Power of Attorney
- Probate
- F&E Tax
- Revocable Trust
- Last Will and Testament
- IRS
- Federal Tax Exclusion
- PLLC
- irrevocable Trust
- LLC Formation