S Corp Status For Llc In Suffolk

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

Description

The document titled Resolution is pivotal for businesses in Suffolk seeking to elect S Corp status for their LLC. This form facilitates the decision-making process within the corporation, allowing its officers to act upon the resolution that elects the corporation to be treated as an S Corporation under federal and state tax codes. Key features of the form include sections for official resolutions and authority granted to corporate officers to execute necessary documents. Users are instructed to fill out the date and applicable state information before adoption. The utility of this form is especially relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who need to ensure compliance with the Internal Revenue Service and state taxing authorities. By using the form, these professionals can streamline the election process and maintain proper documentation for the corporation. The resolutions must be adopted during a formal meeting of the board of directors, ensuring that all actions taken are ratified and confirmed. Overall, this document provides a structured approach to electing S Corporation status, promoting both organization and legal compliance for LLCs in Suffolk.
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FAQ

Here are the steps to form an LLC in New York Search your LLC Name. Choose how you'll approach the LLC Publication Requirement. Choose a Registered Agent (optional) ... File Articles of Organization. Create an Operating Agreement. Get an EIN for your LLC. Publish your newspaper ads (and get Affidavits of Publication)

Choose a Business Name. As a sole proprietor in New York, you can use your own legal name or an assumed name—also known as a "fictitious name" or "DBA" (for "doing business as"). File an Assumed Name With Your County. Apply for Licenses, Permits, and Zoning Clearance. Obtain an EIN.

How to Register a Business in New York State Step 1: Choose and Reserve Your Business Name. Step 2: Determine Your Business Structure. Step 3: Register Locally with Your County Clerk's Office. Step 4: Register with the New York State Department of State. Step 5: Obtain a Certificate of Authority for Sales Tax.

How do I register my new business? All new businesses, regardless of location within Suffolk County, must register with the State of New York through the Suffolk County Clerk's Office in Riverhead. The Suffolk County Clerk's Office can be reached at (631) 852-2000.

Name Availability Search The County Clerk's office will conduct a search on its system at the time of the filing to check the availability of the name. You can also search all New York businesses to see if your intended name is already in use by searching the State's Corporation and Business Entity Database.

All new businesses, regardless of location within Suffolk County, must register with the State of New York through the Suffolk County Clerk's Office in Riverhead. The Suffolk County Clerk's Office can be reached at (631) 852-2000.

New York does not require business owners forming an LLC to have a business license in place before they register their LLCs or before they open their doors. This is good news for business owners operating on a tight budget. It's one less expense you'll need to cover when you're already paying to establish an LLC.

Wondering how to form an S-corp if you have an LLC? It may take a few steps, but it is by no means complicated. You need to file a specialized tax form to make an S-corp election. This form, called the S-corp Form 2553, must be completed by all shareholders involved.

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S Corp Status For Llc In Suffolk