Business Status Forfeited In Phoenix

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

Description

The document outlines a resolution for a corporation in Phoenix to elect S Corporation status under the Internal Revenue Code and state tax code. This resolution is significant in the context of business status forfeiture, as it enables the corporation to reestablish its tax status and potentially restore its good standing. Key features of the form include authorization for corporate officers to execute necessary documents, ratification of prior actions taken, and directions to submit election documents to the IRS and state taxing authority. Filling out this form requires the corporation's directors to clearly state their decision and ensure all actions align with the goals of the resolution. It's designed for various users including attorneys, partners, owners, associates, paralegals, and legal assistants, offering a streamlined way to address business status issues. Such users can benefit from its clarity, as it simplifies the process of regaining compliance and avoiding forfeiture penalties. Overall, this form serves as a critical tool for corporate governance in navigating tax election processes.