Get Form CT-3-S:2012:New York S Corporation Franchise Tax Return:CT3S

STATE PROCESSING CENTER, 575 BOICES LANE, KINGSTON NY 12401-1083.

They do not pay federal income taxes. They're limited by the types of owners (shareholders) and cannot exceed 100 shareholders. A separate bank account and separate records are required with this form of business. S corporations are subject to the annual $800 minimum franchise tax.

Choose a corporate name. File your Articles of Incorporation. Appoint a registered agent. Start a corporate records book. Prepare corporate bylaws. Appoint initial directors. Hold first Board of Directors meeting. Issue stock to shareholders.

Form CT-3, General Business Corporation Franchise Tax Return. Form CT-3 was redesigned as a result of corporation tax reform.

How much does it cost to form an S Corporation? It costs about $195 to form a corporation in New York, excluding legal fees.

Mail returns to: NYS Corporation Tax, Processing Unit, PO Box 1909, Albany NY 12201-1909.

Choose a corporate name. File your Articles of Incorporation. Appoint a registered agent. Start a corporate records book. Prepare corporate bylaws. Appoint initial directors. Hold first Board of Directors meeting. Issue stock to shareholders.

Be a domestic corporation. Have only allowable shareholders. ... Have no more than 100 shareholders. Have only one class of stock.

Form CT-3-S Use the following address: NYS CORPORATION TAX. PO BOX 15182. ALBANY NY 12212-5182. Private delivery services.

If your shareholders have made an S election for federal purposes, you should be aware that New York State does not automatically treat your company as a New York S corporation unless you are mandated to file as an S corporation under Tax Law section 660(i).