2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 203 - Formation
§ 48-203-101. Purposes.
- (a) Any Lawful Purpose. Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.
- (b) Regulation by Another Statute. An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.
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