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Can I ensure that my company is compliant with expanding privacy protections in Tennessee? What are the requirements?
To ensure that your company is compliant with expanding privacy protections in Tennessee, you should review the Employee Online Privacy Act of 2014 [2.1]. However, this act only applies to employee online privacy and does not address privacy protections for customers or other individuals.
Regarding nonprofit LLCs, the Tennessee Revised Nonprofit Limited Liability Company Act [1.4] applies to domestic nonprofit LLCs formed on or after July 1, 2006, and to any domestic nonprofit LLC that was formed prior to July 1, 2006, and that has elected to be governed by the Tennessee Revised Limited Liability Company Act [1.3]. A domestic or foreign nonprofit LLC under this act must be disregarded as an entity for federal income tax purposes and have as its sole member a nonprofit corporation, whether foreign or domestic, that is incorporated under or subject to chapters 51-68 of the Tennessee Code Annotated and that is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004 [1.6].
To form a domestic nonprofit LLC, you must file articles of organization with the secretary of state that prominently designate it as a nonprofit LLC and that comply with the Tennessee Revised Limited Liability Company Act [1.2].
If there are other specific statutory provisions that govern the formation of, impose restrictions or requirements on, confer special powers, privileges or authorities on or fix special procedures or methods for special categories of LLCs, then to the extent those provisions are inconsistent with or different from the Tennessee Revised Nonprofit Limited Liability Company Act, those provisions shall prevail [1.3].
In summary, to ensure compliance with expanding privacy protections in Tennessee, you should review the Employee Online Privacy Act of 2014. For nonprofit LLCs, you should comply with the Tennessee Revised Nonprofit Limited Liability Company Act and any other relevant statutory provisions.
Source(s):
- [1.2] Organization as a nonprofit LLC.
- [1.3] Applicability of part — Election to be governed by part.
- [1.4] Short title.
- [2.1] Short title.
- [1.6] Requirements of domestic and foreign LLCs.
Jurisdiction
Tennessee