S Corp Status For Llc In Hillsborough

State:
Multi-State
County:
Hillsborough
Control #:
US-0046-CR
Format:
Word; 
Rich Text
Instant download

Description

Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
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  • Preview Obtain S Corporation Status - Corporate Resolutions Forms
  • Preview Obtain S Corporation Status - Corporate Resolutions Forms

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FAQ

If previously registered, you must provide a copy of the IRS Notice of Acceptance as an S corporation or provide a copy of the first page of the federal form 1120-S. You can submit your status change request online.

The Local Business Tax, formerly known as Occupational License, is required of any individual or entity choosing to engage in or manage any business, profession or occupation in Hillsborough County, unless specifically exempted.

If your LLC is a single-member LLC you must report it on Schedule C on your personal tax return. If your LLC is a multi-member LLC you must report it as a partnership, unless you and your spouse are the only members and you live in a community property state.

More info

Florida LLC Forms; Foreign LLC Forms. Your Filing Options.S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Register their "fictitious name" or "dba" name with the Florida Department of State prior to conducting business in Florida. Each sale, admission, storage, or rental in Florida is taxable, unless the transaction is exempt. Sales tax is added to the price of taxable goods or services. Starting a business and need direction? Check out these valuable resources. A corporation or other entity eligible to be treated as a corporation files this form to make an election under section 1362(a) to be an S corporation. The Small Business Enterprise (SBE) program provides an opportunity for small businesses to participate in the County's procurement program.

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S Corp Status For Llc In Hillsborough