S Corporation Form In Queens

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

Description

The S corporation form in Queens is essential for businesses seeking to elect S Corporation status under the Internal Revenue Code and state tax regulations. This form allows corporations to benefit from pass-through taxation, thus avoiding double taxation on corporate income. The resolution includes directives for corporate officers to take necessary actions, such as filing election documents with the IRS and the state tax authority, which is crucial for compliant and efficient operation. Key filling instructions involve completing specific sections regarding the corporation's name and the date, as well as securing signatures from the board of directors. It is tailored for attorneys, partners, owners, associates, paralegals, and legal assistants who manage corporate formalities and taxation matters. Legal professionals can utilize this form to ensure proper compliance with IRS requirements and optimize financial benefits for their clients. The document also includes a Certificate of Secretary, further validating the board’s actions, critical for maintaining corporate governance. Overall, the S corporation form in Queens facilitates informed decision-making and operational efficiency.
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FAQ

How to Start an S-Corp in New York Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Meet the New York LLC publication requirement. Step 7 – Apply for S Corp status with IRS Form 2553.

Choose a business name for your S corp. File articles of incorporation. Issue stock for your S corp. Elect a board of directors and appoint officers. Meet other S corp eligibility requirements. Obtain an employer identification number. Elect S corp status. Apply for state and local S corp business licenses.

Every corporation, domestic or foreign, must have a Registered Agent with a registered office within the State of New York at all times.

Each state requires an agent because if an S corporation is brought to court, it must be properly notified so it can respond to the court summons. A registered agent helps ensure that all parties in a business suit are properly notified.

There are ten steps you'll complete to start an S Corp in New York. Step 1: Choose a Business Name. Step 2: Obtain EIN. Step 3: Certificate of Incorporation. Step 4: Registered Agent. Step 5: Corporate Bylaws. Step 6: Directors and Meeting Requirements. Step 7: Stock Requirements. Step 8: Biennial Statement.

Yes, you can technically be your own Registered Agent in New York, but there's no reason to be. This is because New York is very different from most other states in that every Limited Liability Company (LLC) has the same Registered Agent by default. We'll explain.

How to Start an S-Corp in New York Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Meet the New York LLC publication requirement. Step 7 – Apply for S Corp status with IRS Form 2553.

Please note New York City does not have an S corporation election and does not recognize a New York State S corporation election. In general, federal subchapter S corporations and qualified subchapter S subsidiaries are subject to the GCT.

How to Start an S Corp in New York Step 1: Choose a Business Name. Step 2: Obtain EIN. Step 3: Certificate of Incorporation. Step 4: Registered Agent. Step 5: Corporate Bylaws. Step 6: Directors and Meeting Requirements. Step 7: Stock Requirements. Step 8: Biennial Statement.

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S Corporation Form In Queens