Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
Corporation Status In Texas In Harris
State:
Multi-State
County:
Harris
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
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FAQ
The limited liability company ( LLC ) is not a partnership or a corporation but rather is a distinct type of entity that has the powers of both a corporation and a partnership.
Once you confirm you meet the requirements, you may apply for S Corporation status with the IRS by filing Form 2553. The State of Texas recognizes the federal S Corp election. Your business will still be subject to franchise taxes with the State of Texas.
In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553 PDF for all required information and to determine where to file the form.
Let's start by checking your LLC status. Go to the Texas Taxable Entity Search linked here: . You will then enter the name of your LLC in the search. Select the “details” button when your LLC search result appears. Check that the “Right to Transact Business in Texas” is ACTIVE.
How to Search for an LLC? If you want to search for an LLC you can do so in a method that is almost identical to a corporation search. In the state of Texas, you should go to the taxable entity search. Here you can find all the LLCs registered in the state of Texas.
FL, SD and WY are typically the best for no personal/business taxes. Nexus rules still apply to other states.
Once you confirm you meet the requirements, you may apply for S Corporation status with the IRS by filing Form 2553. The State of Texas recognizes the federal S Corp election. Your business will still be subject to franchise taxes with the State of Texas.
A DBA does not require a separate EIN from the business through which it operates. Instead, in the case of a DBA or fictional business name or alias, the same EIN used for the legally named business would be used for the DBA itself.
Yes. A domestic or foreign filing entity is required to continuously maintain a registered agent and registered office in Texas. Failure to do so may result in the involuntary termination of a domestic filing entity or in the revocation of a foreign filing entity's registration.