S Corp

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

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
  • Preview Small Business Startup Package for S-Corporation

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

  1. Log in to your US Legal Forms account if you're a returning user. Ensure your subscription is active before proceeding.
  2. If you're new, start by exploring the extensive form library and verify that you are selecting the correct documents tailored to your local jurisdiction.
  3. Utilize the Search feature to find alternative templates if your initial choice doesn't meet your needs.
  4. Once you've identified the right form, click 'Buy Now' and select your preferred subscription plan.
  5. Complete the payment process by entering your credit card information or using a PayPal account.
  6. Download the completed form to your device. Access it anytime through the 'My Forms' section in your account.

By following these steps, you can easily obtain the necessary legal documents to establish your S corporation and ensure compliance with relevant laws.

Start your journey with US Legal Forms today and take advantage of their library's benefits for a seamless legal experience!

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FAQ

The 2% rule for S corps states that shareholders owning more than 2% of the stock cannot deduct certain employee benefits on their personal tax returns. This rule is essential for S corp owners to understand as it affects health insurance and other fringe benefits. Being aware of this limitation allows business owners to make informed decisions about compensation and benefits.

The 5-year rule for S corps refers to the requirement that an S corp must have maintained its S election for at least five years to avoid losing its status. If an S corp terminates its status before five years, it may face certain restrictions if it later applies again for S corp status. Therefore, understanding this rule is crucial for business owners considering long-term planning.

No, S corps do not file a combined tax return with the owner's personal taxes. Instead, an S corp files an informational return using Form 1120S, while owners report income pass-through on their individual tax returns. This distinction allows owners to take advantage of the benefits of S corp taxation without merging their business and personal finances.

An S corp can make sense for small business owners who want to limit personal liability while enjoying pass-through taxation. Often, it becomes beneficial when the business generates significant profits, allowing the owners to take advantage of both salary and distributions. Additionally, if you plan to reinvest profits and distribute less, an S corp offers flexibility in managing taxes.

Starting an S Corp involves various costs, including state filing fees, attorney fees, and necessary permits, which can range from a few hundred to several thousand dollars. Additionally, you may incur ongoing expenses for compliance and reporting. To help you understand these costs, uslegalforms offers comprehensive guides and resources for effectively starting your S Corp.

To qualify as an S Corp, your business must meet certain criteria set by the IRS. These include having 100 or fewer shareholders, being a domestic corporation, and having only one class of stock. Additionally, all shareholders must be U.S. citizens or residents. If you're unsure about your eligibility, uslegalforms can assist you with the qualifications needed for your S Corp.

You can set up an S Corp yourself, but it requires careful attention to detail. You'll need to file specific documents with your state and the IRS to elect S Corp status. While it is possible to navigate these steps independently, uslegalforms provides helpful templates and guidance to ensure you meet all legal requirements and avoid potential pitfalls.

Yes, you can create an S Corp for yourself. Forming an S Corp allows you to benefit from pass-through taxation, meaning the income is only taxed at the personal level. This structure can help you save on self-employment taxes compared to a sole proprietorship. To simplify this process, consider using uslegalforms, which offers resources tailored for forming an S Corp.

While it is possible to set up an S Corp on your own, consulting an accountant is highly beneficial. An accountant can help you navigate the complexities of the formation process and ensure compliance with tax regulations. They offer insights on what documents you need and can help you avoid costly mistakes. Using tools like uslegalforms can also simplify the setup process and provide guidance along the way.

Yes, you can run an S Corp by yourself, often referred to as a single-member S Corp. This structure allows you to maintain complete control while benefiting from pass-through taxation. Operating alone does not complicate the process, but you must still adhere to S Corp regulations and maintain proper records. If you're unsure about compliance, consider utilizing platforms like uslegalforms for guidance.

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S Corp