Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation With Foreign Shareholder In Queens
State:
Multi-State
County:
Queens
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
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FAQ
If you're not a citizen, you must qualify as a resident alien to own a stake in an S Corp. Resident aliens are those who have moved to the United States and have residency but aren't citizens. Of the below, only permanent residents can own an S Corp.
If the shareholder(s) of an S corporation made an S election for federal purposes, New York State does not automatically treat the company as a New York S corporation unless they are mandated to file as an S corporation under Tax Law § 660(i).
Out-of-state corporations doing business in New York may need a Certificate of Authority. This certificate comes from the New York State Department of State (NYSDOS). Businesses should consult an attorney to learn about legal structures.
To obtain consent, call the New York State Tax Department Call Center at 518-485-2639. To apply with NYS Department of State, you must submit: an Application for Authority, the tax Commissioner's consent, and.
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.
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.
As of 2023, it's possible to domesticate a New Jersey corporation to Florida under the New Jersey Statutes. A New Jersey LLC can use a similar procedure known as statutory conversion to become a Florida entity as well.
A foreign limited liability company may apply for authority to do business in the State of New York by filing an Application for Authority pursuant to Section 802 of the New York State Limited Liability Company Law.