Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Official Resolution Form For S Corporation In Minnesota
State:
Multi-State
Control #:
US-0036-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Step 1: Name Your Minnesota LLC. Step 2: Choose a Registered Agent. Step 3: File the Minnesota Articles of Organization. Step 4: Create an Operating Agreement. Step 5: File Form 2553 to Elect Minnesota S Corp Tax Designation.
To form an S Corporation in Minnesota, you'll need to file Articles of Incorporation with the Secretary of State. Once the corporation is established, you'll need to file IRS Form 2553 to elect S Corporation status.
All California S corporations and LLCs companies treated as S corporations for federal, should file Form 100S (California S Corporation Franchise or Income Tax Return).
Corporations doing business in Minnesota that have elected to be taxed as S corporations under IRC section 1362 must file Form M8. The entire share of an entity's income is taxed to the shareholder, whether or not it is actually distributed. Each shareholder must include their share of income on their tax return.
Minnesota has a 9.8 percent corporate income tax rate. Minnesota also has a 6.875 percent state sales tax rate and an average combined state and local sales tax rate of 8.04 percent.
Yes, it is possible to establish an S-corp as a one-person business. While traditionally S corporations are formed with multiple shareholders, the IRS allows a single individual to set up an S corporation. As an individual, you can be the sole shareholder, director, and employee of the S-corp.