Business Status With Irs In Broward

• Category: Corporations - Minutes and Resolutions - Actions
• State: Multi-State
• County: Broward
• Control #: US-0046-CR
• Format: Word; Rich Text

Description

The document titled 'Resolution' serves as a formal declaration for a corporation to elect S Corporation status, which is recognized by the Internal Revenue Service and applicable state tax code in Broward. This form facilitates a corporation's decision to adopt S Corporation treatment, offering benefits like pass-through taxation, which can be advantageous for tax purposes. Key features include sections for the resolution itself, authorization for corporate officers to act in this capacity, and a certification of the resolution by the Secretary of the corporation. To fill out this form, users need to specify the corporation's name and the respective state, ensuring that all resolutions are recorded accurately. It is essential for the directors to sign the document, thus ratifying their agreement to the resolutions stated. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance and tax planning. They can ensure proper compliance with IRS regulations, facilitate smoother tax filings, and help corporations maximize their financial efficiencies through appropriate election of status.