How to Amend Charter for Profit Corporation in Tennessee (2025)

Amending the Charter for Profit Corporation in Tennessee is required if you make any changes to your formed corporation. An amendment is a process through which you report the structural or any change in your corporation to the Tennessee Secretary of State. To do so, you are required to follow a few simple steps. You need to get the amendment form, enter the details of the changes, and submit it to the appropriate address along with the amendment fee.

In this article, we have shared the process in detail. You will learn how to amend Tennessee Charter for Profit Corporation in easy steps. It will be helpful for you if you read the article till the end.

What is the Tennessee Charter for Profit Corporation?

The Tennessee Charter for Profit Corporation is a legal document that you need to file with the Secretary of State while registering your corporation in Tennessee. It is similar to the Articles of Organization you file while creating an LLC in Tennessee. If you already own a corporation in Tennessee, you must know what the Charter for Profit Corporation is. However, those who are not aware of this document can get all the required details from this page. The Charter for Profit Corporation is a set of papers that have all the information regarding your corporation and are filed with the Secretary of State. You must pay the filing fees to register your Charter for Profit Corporation.

This document has information related to your corporation. Details like the name of the corp, principal address, Tennessee Registered Agent details, corporation structure, directors, shareholders, and signature of the incorporators should be mentioned in the document. An online or offline form mentioning these details should be filed with the SOS at the time of forming your corporation. You must pay the filing fee to the state online or by check.

Like forming an LLC, for the corporation, it takes some time to form your business in Tennessee after filing the documents. You can expedite the filing process by paying additional money over the filing fees.

It is good to make changes in your Charter for Profit Corporation. When you change anything, specifcally the name, it brings good and bad effects to the company. Make sure the name change does not affect your revenue or status adversely.
– LLCBuddy Editorial Team

How to Amend the Tennessee Charter for Profit Corporation

There are three main steps to file your amendment to the Tennessee Charter for Profit Corporation. Before you proceed with the steps of filing the form, you must know what changes you can make in your corporation and what changes you cannot. Let’s start with the first step and some related information,

Step 1: Determine What Changes You Need in Tennessee Corporation

Updating your Charter for Profit Corporation periodically can be beneficial by making necessary changes. However, frequent alterations in structure or name may not be advisable. The first step involves determining which changes are needed and assessing their potential impact. Modifying aspects of your existing business can affect your revenue or client relationships, so it’s crucial to carefully consider whether the changes are truly necessary and what consequences they may bring.

An up-to-date Charter for Profit Corporation reflects the current status of a corporation in Tennessee. The key elements of your updated Charter for Profit Corporation may include the advantages of being a Registered Agent, the company’s contact information, and the process for receiving legal notices, among other details.

Step 2: Review the Changes You Made in the Charter for Profit Corporation

The subsequent step involves reviewing the changes. The Tennessee Secretary of State may request additional supporting documents based on the modifications made to your corporation. After finalizing the changes, you can proceed to draft the Tennessee corporate amendment. Consult with the SOS to determine if any other documents need to be submitted. For instance, if you are changing the business name, you might be required to submit a name change/reservation form along with the Tennessee Corporate Amendment form.

What Can Be Changed in Charter for Profit Corporation

It is not easy to change things in your business. Besides, there are some restrictions in changing things in your corporation in Tennessee. There are things you can change, but there are things that you cannot change. I have mentioned a few points in this article that you can change above, such as the name, statement of purpose, and the number of shares issued. Now, there are things that you cannot change in the Charter for Profit Corporation.

What Can not Be Changed in Tennessee Corporate Amendment?

If you started a corporation in Tennessee, you must initially have appointed a Registered Agent. You cannot change the initial registered agent in the Charter for Profit Corporation Corporate Amendment. You can change it using other methods and forms available in the Tennessee SOS.

Another point is the initial mailing address of your corporation cannot be changed in the Tennessee Corporate Amendment. In this case, you can change it through other methods requiring different forms.

The third point is the initial directors who formed the corporation in Tennessee. The details of the initial directors cannot be changed in the Tennessee Corporate Amendment. There is no other way to change the directors’ details.

Step 3: File the Tennessee Corporate Amendment

Finally, file the Tennessee Corporate Amendment with the Secretary of State by the methods (online or offline) available. You must go through the filing process mentioned on the SOS official website before you start the filing process. You must pay the state fees for filing the Tennessee Corporate Amendment.

Online Filing: Amendment of Incorporation Online
Offline Filing: Amendment of Incorporation PDF Form
Amendment Fees: $20 processing fee

If you are in Tennessee and have formed an LLC, you must file the Amended Certificate of Authority in Tennessee with the SOS if you make any changes to the limited liability company.

Why Amend Charter for Profit Corporation in Tennessee?

There can be several reasons why you make changes to your corporation. A business runs based on diverse components. From economic conditions to internal structures (shareholders and directors), the corporation can change many times in its life based on external or internal reasons.

Change of Tennessee Corporation Name: The name of the corporation does not often change because it is the primary identity of any business. Sometimes, a spelling or the entire name requires to be changed for many reasons. In that case, the corporation has to file the amendment with the SOS mentioning the old and new names. They have to submit the business name change form with the amendment form.

Change of Statement of Purpose: This is a document where you explain the purpose of your corporation. The purpose says that you are involved in legal and lawful activities through your business. If you are having a nonprofit, you must have a community purpose. If you change that purpose, you must file the amendment. If you change the nature of the business or the purpose of the corporation overall, then you must file an amendment.

Change in Numbers of Stocks and Shares: Finally, if you change the number of shares or stock issues in your company, then you must amend it. It can be reduced or increased if you decide to remove or add a shareholder/partner to the corporation. In that case, it must be amended with the SOS.

Penalties for Not Filing the Amendment in Tennessee

Now, one question arises when we talk about filing the amendment what happens if you don’t amend the Tennessee Charter for Profit Corporation? The answer is simple. You might have to pay heavy penalties if you do not file it. Besides, you may lose existing clients as they may not be interested in continuing to work with your company.

They might cancel the existing contract; you might lose the bank loan or advance opportunities, or you may lose the business bank accounts for not complying with the amendment filing requirements. Hence, it is highly recommended to amend the Tennessee Charter for Profit Corporation.

FAQs

How do I amend the Tennessee Charter for Profit Corporation?

To amend the Tennessee Charter for Profit Corporation, you will need to file the necessary paperwork with the Tennessee Secretary of State.

What is required to amend the Tennessee Charter for Profit Corporation?

The requirements to amend the Tennessee Charter for Profit Corporation include completing the appropriate forms, paying the filing fee, and obtaining any necessary approvals.

Can I make changes to the company name in the amendment of the Tennessee Charter for Profit Corporation?

Yes, you can make changes to the company name when amending the Tennessee Charter for Profit Corporation.

Do I need to provide a reason for amending the Tennessee Charter for Profit Corporation?

While it is not required to provide a reason for amending the Tennessee Charter for Profit Corporation, it is generally a good practice to explain the changes being made.

How long does it take to amend the Tennessee Charter for Profit Corporation?

The processing time for amending the Tennessee Charter for Profit Corporation can vary, but it typically takes a few business days to a few weeks.

Are there any restrictions on the changes that can be made when amending the Tennessee Charter for Profit Corporation?

Yes, there may be certain restrictions on the changes that can be made when amending the Tennessee Charter for Profit Corporation, such as changes that may conflict with state laws or regulations.

Can I change the registered agent when amending the Tennessee Charter for Profit Corporation?

Yes, you can change the registered agent when amending the Tennessee Charter for Profit Corporation by including the updated information in the amendment paperwork.

What is the cost to amend the Tennessee Charter for Profit Corporation?

The cost to amend the Tennessee Charter for Profit Corporation varies depending on the type of changes being made and the filing fees set by the Tennessee Secretary of State.

Do I need to notify the other shareholders when amending the Tennessee Charter for Profit Corporation?

It is a good practice to notify the other shareholders when amending the Tennessee Charter for Profit Corporation, especially if the changes may impact their ownership or voting rights.

Can I amend the Tennessee Charter for Profit Corporation online?

Yes, you can typically file the amendment to the Tennessee Charter for Profit Corporation online through the Tennessee Secretary of State’s website or a third-party filing service.

Will amending the Tennessee Charter for Profit Corporation affect my tax status?

Changes made when amending the Tennessee Charter for Profit Corporation could potentially impact the company’s tax status, so it is recommended to consult with a tax professional or attorney before filing the amendment.

Can I revert the changes made when amending the Tennessee Charter for Profit Corporation?

In some cases, you may be able to revert the changes made when amending the Tennessee Charter for Profit Corporation by filing additional paperwork, but this will depend on the nature of the changes and the regulations in Tennessee.

Is there a deadline to amend the Tennessee Charter for Profit Corporation?

There is no specific deadline to amend the Tennessee Charter for Profit Corporation, but it is generally advisable to make any necessary changes promptly to avoid any complications or issues.

Can I amend the Tennessee Charter for Profit Corporation multiple times?

Yes, you can amend the Tennessee Charter for Profit Corporation multiple times to make additional changes or corrections as needed.

Will the amendments be publicly available in Tennessee?

Yes, the amendments to the Tennessee Charter for Profit Corporation will be publicly available through the records maintained by the Tennessee Secretary of State.

Can I amend the bylaws along with the Tennessee Charter for Profit Corporation?

Yes, you can typically amend the bylaws of the Tennessee Charter for Profit Corporation at the same time as filing the amendment to the charter, but it is important to ensure that all necessary changes are included in the paperwork.

Are there any specific guidelines for amending the Tennessee Charter for Profit Corporation?

It is important to comply with the specific guidelines outlined in the Tennessee state statutes for amending the Charter for Profit Corporation to ensure that the changes are properly recorded and legally valid.

Can I request expedited processing for amending the Tennessee Charter for Profit Corporation?

Yes, you may be able to request expedited processing for amending the Tennessee Charter for Profit Corporation by paying an additional fee, but the availability of expedited services may vary.

Will I receive a confirmation after amending the Tennessee Charter for Profit Corporation?

Yes, you should receive a confirmation from the Tennessee Secretary of State after the amendment to the Charter for Profit Corporation has been processed and approved.

What happens if the amendment is rejected by the Tennessee Secretary of State?

If the amendment to the Tennessee Charter for Profit Corporation is rejected, you will typically receive an explanation for the rejection and may have the opportunity to correct any errors or deficiencies.

Can I amend the Tennessee Charter for Profit Corporation by mail?

Yes, you can typically file the amendment to the Tennessee Charter for Profit Corporation by mail by sending the completed paperwork and filing fee to the Tennessee Secretary of State’s office.

Do I need to update any other documents or records after amending the Tennessee Charter for Profit Corporation?

Yes, it is important to update any other relevant documents or records, such as the company’s operating agreement or shareholder agreements, to reflect the changes made in the amendment to the Tennessee Charter for Profit Corporation.

Can I amend the Tennessee Charter for Profit Corporation without a shareholder vote?

Depending on the nature of the changes being made, you may be able to amend the Tennessee Charter for Profit Corporation without a shareholder vote, but it is recommended to consult with legal counsel to ensure compliance with Tennessee state laws.

Will amending the Tennessee Charter for Profit Corporation affect my corporate structure?

Changes made when amending the Tennessee Charter for Profit Corporation could potentially impact the corporate structure, such as the number of authorized shares or the voting rights of shareholders, so it is advisable to review the implications of the amendments with legal counsel.

Can I amend the Tennessee Charter for Profit Corporation to change the business purpose?

Yes, you can typically amend the Tennessee Charter for Profit Corporation to change the business purpose, but it is important to ensure that the new purpose complies with Tennessee state laws and regulations.

Can I use a template to draft the amendment to the Tennessee Charter for Profit Corporation?

While it is possible to use a template to draft the amendment, it is recommended to consult with legal counsel to ensure that the document complies with Tennessee state laws and accurately reflects the changes being made.

Can I amend the Tennessee Charter for Profit Corporation if the company is in financial distress?

Yes, you can typically amend the Tennessee Charter for Profit Corporation even if the company is in financial distress, but it is important to consider how the changes may impact the company’s financial situation and take appropriate steps to address any concerns.

Can I amend the Tennessee Charter for Profit Corporation to add or remove shareholders?

Yes, you can typically amend the Tennessee Charter for Profit Corporation to add or remove shareholders, but it is important to follow the proper procedures for issuing new shares or buying back shares.

Should I consult with legal counsel before amending the Tennessee Charter for Profit Corporation?

Yes, it is highly recommended to consult with legal counsel before amending the Tennessee Charter for Profit Corporation to ensure that the changes are properly executed and comply with Tennessee state laws and regulations.

How can I amend the charter of my Tennessee for-profit corporation?

To amend the charter of a Tennessee for-profit corporation, you must file an amendment with the Tennessee Secretary of State.

In Conclusion

Amending the Tennessee Charter for Profit Corporation may not involve numerous steps, but the process can be more complex than it appears. It’s crucial to carefully consider any changes to ensure they do not negatively impact your business or client relationships. Before proceeding with modifications and amendments, it is advisable to consult with an attorney or legal professional for guidance.

Due to the complicated structure, forming a corporation in Tennessee might be difficult. However, after forming the corporation, managing it seems to be more difficult for many people. A frequent change may or may not occur. But, every time you make a change, you must file the amendment with Tennessee SOS. It is also suggested that you do not make changes frequently as it may affect your brand in a reverse way.