S Corporation Without Payroll In Cook

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

Description

The document is a Resolution for designating a corporation as an S Corporation without payroll in Cook. It enables a corporation to elect S Corporation status under the Internal Revenue Code and the relevant state tax code, which can benefit the shareholders by allowing pass-through taxation. The key features of the form include empowering corporate officers to take necessary actions such as executing documents required for election, as well as ratifying any prior actions taken in this context. Users are instructed to complete the document with specific details like the corporation's name, state, and dates. This form is crucial for attorneys, partners, and owners who want to ensure compliance while reaping the tax benefits of an S Corporation status. Paralegals and legal assistants will find this form useful in preparing documents for corporate meetings or legal filings. Overall, the Resolution is designed to help corporations efficiently navigate the process of electing S Corporation status.