Site: nolo.com
... Tennessee’s franchise tax is based on the greater of a business’s:
net worth or
book value of real ... Also, the net worth of your corporation, which is greater than the value of its real and tangible property ... Also, the net worth of your corporation, which is greater than the value of its real and tangible property ... Also, the net worth of your company, which is greater than the value of its real and tangible property ...