More than 7,000 new businesses were formed in Tennessee during the final quarter of last year, according to a new economic report. The number of new businesses created during the fourth quarter of 2014 was up 8.8 percent from the same time period during the previous year.

The reports are produced quarterly by the Secretary of State's office and the University of Tennessee-Knoxville's Center for Business and Economic Research. They draw on information provided to the Secretary of State's office regarding business filings and dissolutions, as well as other economic information drawn from other sources.

Read More...

More new businesses filed paperwork to register with the Secretary of State's office during the third quarter of this year, compared to the previous quarter. That's one of the encouraging signs from the office's latest quarterly report on business and economic indicators.

Statewide, there were 7,875 business entity initial filings with the office during the third quarter of this year - an increase of 4 percent over last quarter. So far this year, initial filings are running 13.4 percent ahead of last year's pace. That bodes well for future job growth in the state.

To view the report online, go to: http://tn.gov/sos/be_reports/201411.pdf

Read More...

Legislation was passed this year to simplify the process of filing a Motor Vehicle Temporary Lien (MVTL) with the Secretary of State. Effective Nov. 1, it is longer necessary to attach a notarized security agreement or bill of sale to an MVTL application in order for it to be filed with the Secretary of State. There is also a new MVTL application form that is available on the Secretary of State’s website at this link: http://tn.gov/sos/bus_svc/motor.htm

Read More...