Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Foreign Shareholder In Nevada
State:
Multi-State
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Nevada does not recognize the federal S corporation election because there is no state income tax. For this same reason, Nevada does not require a state-level S corporation election.
Pass-Through Taxation: Unlike C corporations, where the business itself is subject to taxation on its profits and shareholders are taxed again on dividends, S corps can avoid double taxation. Profits and losses “pass-through” to the individual shareholders, who report them on their personal income tax returns.
If you have elected to convert LLC to S Corp Nevada for tax benefits then the process for the same is as follows: Step 1: File Form 8832. Step 2: IRS Form 2553. Step 3: File Form 2553.
For detailed formation steps, see our Nevada LLC formation guide. Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Nevada Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Apply for S Corp status with IRS Form 2553.
The form costs $75 (minimum) to file. However, other initial requirements include a business license ($500) and an Initial List of Officers and Directors ($150). All told, it costs at least $725 in combined fees to register a foreign for-profit corporation in Nevada.
To register as a foreign corporation, you'll need to file a Foreign Corporation Qualification form with the Nevada Secretary of State. You can submit this document online, by mail, fax, in person, or email. The form costs $75 (minimum) to file.
For detailed formation steps, see our Nevada LLC formation guide. Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Nevada Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Apply for S Corp status with IRS Form 2553.
Nevada requires all foreign corporations doing business in the state to publish an annual statement every year.
To start a corporation in Nevada, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State. You can file this document online or by mail.
