S Corporation With Two Shareholders In Philadelphia

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

Description

The document titled "Resolution of" is designed for corporations wishing to elect S corporation status, specifically focusing on those with two shareholders in Philadelphia. This resolution outlines the corporation's intent to be treated as an S corporation under the Internal Revenue Code and Pennsylvania tax regulations. It grants authority to the corporation's officers to execute necessary actions, including submitting election documents to the IRS and state authorities. Key features include a clear determination of authority for action and acknowledgment of prior actions by officers. This form is essential for legal compliance and clarity among shareholders regarding their tax status. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants aiming to facilitate the S corporation election process efficiently. By completing this form, users confirm their intent and ensure proper governance and administrative procedures are followed, preventing potential disputes among shareholders.