Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Foreign Shareholder In Bronx
State:
Multi-State
County:
Bronx
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Each state requires an agent because if an S corporation is brought to court, it must be properly notified so it can respond to the court summons. A registered agent helps ensure that all parties in a business suit are properly notified.
A business can register as an "S corporation" for filing New York State taxes. The filing allows individual shareholders to report corporate income on their own tax returns. All shareholders must agree to file. Businesses must also be registered as a S corporation with the federal government.
How to Start an S-Corp in New York Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Meet the New York LLC publication requirement. Step 7 – Apply for S Corp status with IRS Form 2553.
Yes, you can technically be your own Registered Agent in New York, but there's no reason to be. This is because New York is very different from most other states in that every Limited Liability Company (LLC) has the same Registered Agent by default. We'll explain.
If you're not a citizen, you must qualify as a resident alien to own a stake in an S Corp. Resident aliens are those who have moved to the United States and have residency but aren't citizens. Of the below, only permanent residents can own an S Corp.
Every corporation, domestic or foreign, must have a Registered Agent with a registered office within the State of New York at all times.
Please note that New York City does not have an S corporation election and does not recognize a New York State S corporation election. In general, federal subchapter S corporations and qualified subchapter S subsidiaries are subject to the GCT.
There are ten steps you'll complete to start an S Corp in New York. Step 1: Choose a Business Name. Step 2: Obtain EIN. Step 3: Certificate of Incorporation. Step 4: Registered Agent. Step 5: Corporate Bylaws. Step 6: Directors and Meeting Requirements. Step 7: Stock Requirements. Step 8: Biennial Statement.