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A comment on Stripe Atlas for LLCs. Parent comment

Re:Stripe Atlas for LLCs by pbnjay on Tuesday May 01, 2018 @08:27PM (#16973067)
I'm not an accountant/lawyer, but yeah my reading is if you're a sole proprietor, disregarded for IRS purposes (e.g. you use Schedule C)... then yeah you owe TN this tax.

FWIW, I don't live in TN, but I used to. And I've done sole prop LLC's in a couple states now so I looked into moving back to TN and found this info.

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Re:Stripe Atlas for LLCs by nodesocket on Tuesday May 01, 2018 @09:04PM (#16973243)
That is also how I read it, but I reached out to an accountant today and he said no. His response was:

> Since you are an LLC, and you are operating an active business, you will need to file a Franchise and Excise tax return, but you will be exempt from the Excise portion of the tax.

No idea how it works? I'm thoroughly confused.

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