Business For Status In Harris

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

Description

The Business for Status in Harris form facilitates the election of S Corporation status for a corporation under the Internal Revenue Code and applicable state tax regulations. This form is used by corporations wishing to benefit from pass-through taxation, avoiding the double taxation typically associated with C Corporations. The resolution requires the authorization of corporate officers to take necessary actions, including preparing and submitting election documents to tax authorities. Key features of the form include sections for corporate officer signatures and a certificate of the Secretary to verify the adoption of the resolution. For attorneys, this form streamlines the process of corporate structuring for tax purposes. Partners and owners benefit from the clarity it provides in understanding the implications of electing S Corporation status. Associates and paralegals can utilize this document to assist with corporate formation tasks efficiently. Legal assistants will find the form useful for maintaining compliance with state regulations as it outlines the necessary steps to formalize corporate decisions.