We present a study of flare rates, rotation periods, and spectroscopic activity indicators of 125 single stars within 15 parsecs and with masses between 0.1 and 0.3 M observed during the first year of the TESS mission, with the goal of elucidating the relationship between these various magnetically connected phenomena. We gathered multiepoch high-resolution spectra of each target, and we measured equivalent widths of the activity indicators helium I D3, H , and the calcium infrared triplet line at 8542.09 . We present 18 new rotation periods from MEarth photometry and 19 new rotation periods from TESS photometry. We present a catalog of 1392 flares. After correcting for sensitivity, we find the slope of the flare frequency distribution for all stars to have a standard value of = 1.98 0.02. We determine R31.5, the rate of flares per day with energies above E = 3.16 × 1031 ergs in the TESS bandpass. We find that below a critical value of H EW = −0.71 , log R31.5 increases linearly with increasing H emission; above this value, log R31.5 declines rapidly. The stars divide into two groups: 26% have H in emission, high flare rates with typical values of log R31.5 = −1.30 0.08, and have Rossby numbers <0.50. The remaining 74% show little to no H in emission and exhibit log R31.5 < −3.86, with the majority of these stars not showing a single flare during the TESS observations.