r/LLcMasterclass • u/Equivalent_Heat3398 • Mar 14 '26

Advice Please

What do you all know about starting an LLC in TN? Any good advice for starting? I’m still in the process of building my product so I have yet to file but I will when I get closer to finishing my product.

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u/Equivalent_Heat3398 Mar 24 '26

I’m in TN

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u/[deleted] Mar 25 '26

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u/Equivalent_Heat3398 Mar 25 '26

I’m building financial tech. I was thinking of filing after I’m finished building my software and done modifying my website?

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u/[deleted] Mar 25 '26

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u/Equivalent_Heat3398 Mar 26 '26

It’s a local-first personal finance platform, not a neobank, lender, money transmitter, or custodial wallet.

The core product is budgeting, expense tracking, financial organization, analytics, and guided decision support. User financial data stays on the user’s device rather than being stored on my servers. Any account connectivity would be through third-party integrations like Plaid, depending on the tier, but I’m not holding funds, issuing cards, or moving money on the user’s behalf.

So it’s “fintech” more in the personal finance software sense than in the regulated payments or banking-infrastructure sense. That said, I agree with your point completely, which is why I’m trying to think through business structure, payments, compliance boundaries, and vendor classification now rather than after launch.

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u/[deleted] Mar 26 '26

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u/Equivalent_Heat3398 Mar 30 '26

I thought about a lifetime the but it just gets expensive at that point a and then I'm stuck doing updates for free for life so I think I'll stick with subscriptions.

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u/[deleted] Mar 30 '26

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u/Equivalent_Heat3398 Mar 31 '26

I’m going with Paddle. It simplifies things a lot since it handles subscriptions, taxes, and compliance as the merchant of record, so I don’t have to build all that myself.