How Real Estate Investors in Tennessee Avoid Franchise and Excise Taxes: The FONCE Exemption
Anyone who owns an LLC in Tennessee is liable for Franchise and Excise taxes unless they qualify for one of seventeen exemptions (the article referenced above lists all of them.) This article is going to focus on exemption #11: the Family Owned Non-Corporate Entity (FONCE) exemption.
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- Estate Planning
- Revocable Living Trust
- Asset Protection
- Business Law
- Tennessee Business Law
- Business Taxes
- Business Formation
- LLC
- Will
- Franchise and Excise Tax
- Guardianship
- General Durable Power of Attorney
- F&E Tax
- Revocable Trust
- IRS
- PLLC
- LLC Formation
- Tennessee Estate Planning
- Trusts
- Employee Gifts
- Beneficiary Deeds
- RMDs
- FinCEN
- Required Minimum Distributions
- Charitable Donation