Common Red Flags & Scams to Avoid When Starting a Business in Tennessee

There are more scams targeting new business owners than ever before. Here’s what to watch out for:

1. Ghost Preparers

Anyone preparing your taxes must sign your return. If they refuse, leave immediately.

2. Fake EIN Websites

The EIN is free. If a site is charging you, it is not the IRS.

3. “Too Good to Be True” Refund Promises

Any preparer offering unusually large refunds or strange “loopholes” is putting you at risk.

4. Incorrect Business Setup

We often help new clients correct:

· Wrong entity selection

· Missing payroll for S Corp owners

· Missing business licenses

· Missed Franchise & Excise filings

Make sure you’re working with a licensed, experienced professional.

If you’re starting a business in Tennessee and want clear guidance, our team is here to help. We offer in-person support, transparent pricing, and full-service tax, payroll, and bookkeeping right here in Mt. Juliet.

Contact us today to make sure your new business is set for success.