S Corporation With No Employees In Queens

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

Description

The document serves as a Resolution for an S corporation with no employees in Queens, facilitating the election for S Corporation status in accordance with both the Internal Revenue Code and state tax laws. It empowers authorized officers to execute necessary actions and documents to effectuate this election, ensuring compliance and formal recognition of the corporation's chosen tax treatment. The form includes sections for documenting the adoption of the resolution and certifying the actions taken by the Board of Directors. This is particularly useful for attorneys, owners, and paralegals who manage corporate formalities and need to ensure all procedural steps are properly recorded. The form guides users in completing details related to the corporation and the relevant dates, with clear instructions for execution and certification to validate the resolution. For partners and associates, it represents a critical step in maintaining the corporation's legal status and tax advantage, streamlining the process of transitioning to S corporation status. Legal assistants may find this form essential for maintaining organized corporate records and ensuring the proper handling of corporate resolutions.
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FAQ

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.

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

Business Corporations & Not-For-Profit Corporations FILING UNDER THE BUSINESS CORPORATION LAWRev. 3/16 Incorporation (all corporations) $125 Amendment or Restated $60 Consolidation or Merger $60 Change §805-A(a) or §1309-A(b) $3010 more rows

Corporation Dissolution Complete the Request for Consent to Dissolution form. If you are filing the request on behalf of a corporation, you must also complete a Power of Attorney form. Mail the forms to DOF. DOF will send you a Dissolution Consent.

For S-corporations, the FDM tax is based on the corporation's New York State receipts and is as follows: $25 – Receipts not exceeding $100,000. $50 – Receipts exceeding $100,000 but not more than $250,000. $175 – Receipts exceeding $250,000 but not more than $500,000.

How long does it take to dissolve an LLC in New York? In normal circumstances, allow approximately 14 days from the date you send your documents to the Department of State to dissolve a New York LLC, which is after you receive tax clearance from the Department of Taxation and Finance, which itself may take two weeks.

Please note that 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 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.

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.

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S Corporation With No Employees In Queens