Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation For Llc In Pima
State:
Multi-State
County:
Pima
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
You do not have to convert your LLC into a corporation. Instead, the LLC simply makes an election with the IRS to have the LLC taxed as an S corporation by having all members of the LLC sign an IRS Form 2553 and then file the signed Form 2553 with the IRS. See the Instructions to IRS Form 2553.
Form an Arizona LLC: Name Your LLC. Claim Your Domain Name. Designate a Statutory Agent. Submit LLC Articles of Organization. Publish Notice of Your LLC. Write an LLC Operating Agreement. Get an EIN, Bank Account & Funding. File Taxes & Reports.
You do not have to convert your LLC into a corporation. Instead, the LLC simply makes an election with the IRS to have the LLC taxed as an S corporation by having all members of the LLC sign an IRS Form 2553 and then file the signed Form 2553 with the IRS.
An Arizona extension for a partnership or S Corporation cannot be granted for more than six months beyond the original due date of the return. Arizona will accept a valid federal extension for the same period of time covered by the federal extension.
FL, SD and WY are typically the best for no personal/business taxes. Nexus rules still apply to other states.
For Arizona income tax purposes, Arizona recognizes a corporation's federal subchapter S election and, to the extent that S corporation income is included in federal adjusted gross income, it will be included in Arizona gross income and subject to Arizona tax.
How to Start an S Corp in Arizona Name your LLC. Appoint an Arizona Statutory Agent. File Articles of Organization. Create an operating agreement. Apply for an EIN. Meet the publication requirement in Arizona. Apply for S Corp status with IRS Form 2553.
Online filings: In total, online filing approvals for Arizona LLCs take around 3 weeks. Your LLC filing will begin processing once your statutory agent accepts their role by email. And then the Secretary of State's office takes 14-16 business days to process the paperwork.
Obtain an Arizona Business License: An Arizona business license is required for any business operating within the state. You can apply for the business license through Arizona Department of Revenue.
Corporations require annual meetings, directors meetings, recorded meeting minutes, and a notable amount of paperwork, while LLCs have little to no maintenance of this type. LLCs not only require less resolutions, but can make executive decisions without the need to hold an official meeting.