Forming An S Corporation

Category:
State:
Multi-State
Control #:
US-P107-PKG
Format:
Word; 
Rich Text; 
PDF
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Description

The package is designed to assist an S corporation in running the corporation by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!


The documents in this package include the following:



Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.







2553-S Corp Election for Small Business - This form is used to be treated as a subchapter S corporation by the IRS.



General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.



Investor Stock Purchase Agreement - This is a form authorizing the sale of stock to investors in a company. Detailed provisions cover the representations and warranties of both parties, as well as the specifics of the transaction.



Amendment to Bylaws - This is an Amendment to the Bylaws form, to be used across the United States. This is to be used as a model, and should be modified to fit one's own personal needs.


Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.








Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.



Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.



Self-Employed Independent Contractor Employment Agreement General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.



Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.



Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.



Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.



Employment Position Announcement - This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.


Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.


Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.



Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request form, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate

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  • Preview Small Business Startup Package for S-Corporation
  • Preview Small Business Startup Package for S-Corporation
  • Preview Small Business Startup Package for S-Corporation
  • Preview Small Business Startup Package for S-Corporation
  • Preview Small Business Startup Package for S-Corporation
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How to fill out Small Business Startup Package For S-Corporation?

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With US Legal Forms, users benefit from a vast collection of over 85,000 forms and packages, ensuring they can find reliable and fillable documents with ease.

Don’t delay in forming your S Corporation—take advantage of US Legal Forms today and ensure your business is set for success. Start now!

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FAQ

Yes, you can run an S corporation by yourself, often referred to as a single-member S Corp. This setup allows you to take advantage of the benefits of an S corporation while maintaining complete control over the business. However, ensure you fulfill all compliance requirements, such as holding meetings and keeping records. Platforms like uslegalforms can assist with the necessary documentation and compliance tips for single-member S Corporations.

The value of forming an S corporation often depends on your business income and structure. Generally, if your business income exceeds $40,000, you may start seeing tax benefits from this designation. An S corporation can also help you avoid double taxation, which is a significant advantage as your income grows. An accountant or tax advisor can help you determine if forming an S corporation is the right choice for your situation.

While it is possible to form an S corporation without an accountant, having one can significantly ease the process. An accountant can help ensure that you complete all necessary forms correctly and understand tax implications associated with forming an S corporation. This financial guidance can save you time and help you avoid costly mistakes. If you choose to go it alone, consider using uslegalforms for detailed instructions and resources.

Forming an S corporation begins with choosing a suitable name for your business that complies with state regulations. Next, you need to file the Articles of Incorporation with your state and apply for an Employer Identification Number (EIN) through the IRS. After that, you will need to file Form 2553 to elect S corporation status. This process can be simplified using platforms like uslegalforms, which provide templates and guidance.

To qualify as an S corporation, your business must meet specific criteria, including having a limited number of shareholders and only one class of stock. Additionally, all shareholders must be U.S. citizens or residents. When forming an S corporation, be sure to consult resources like USLegalForms to ensure you meet all qualifications and complete the filing accurately.

Yes, you can set up an S corporation by yourself, but the process requires careful attention to detail. You need to file the appropriate paperwork with your state and the IRS, which can be complex for first-timers. Using USLegalForms makes forming an S corporation easier, providing you with guided steps and necessary documents.

Forming an S corporation typically takes a few weeks, but this can vary based on your state’s processing times. After you file the necessary paperwork, you may wait anywhere from a few days to a few weeks for approval. If you use a reliable service like USLegalForms, they can streamline the process and keep you informed every step of the way.

Form 7203 is not always required for every S Corporation; it is used to report the S corporation's shareholder basis if necessary. However, it may come into play if shareholders have distributions or stock sold. Be aware of your reporting obligations when forming an S corporation to ensure compliance with IRS guidelines.

Forming an S Corporation involves several steps: choose a unique business name, file Articles of Incorporation with your state, create bylaws, and elect S-Corp status using IRS Form 2553. Additionally, obtain any necessary licenses and permits to operate legally. Following these steps carefully can lead to a successful formation of your S Corporation.

When forming an S Corporation, you will primarily need IRS Form 2553 to elect S-Corp status. Depending on your state, additional forms may be required for registration purposes. Consulting uslegalforms can provide clarity on the specific documents necessary for your S Corporation.

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Forming An S Corporation