How do I write articles of incorporation for an S Corp?

You must be able to provide the following to file your Articles of Incorporation:

1. Corporation name and mailing address.
2. Registered agent name and address.
3. Duration of incorporation.
4. Nature of the business.
5. Number of shares and type issued.
6. Powers of Incorporation designations.
7. Signature and date lines.

Can an S corp be incorporated?

Keep in mind that “S corporation” is a tax designation, not a business entity type. You can’t ‘incorporate’ as an S corporation. To become one, you have to apply to the IRS. S corps report their income to the IRS on Form 1120S.

What are S Corp documents?

S corporation taxes are filed annually. The business files Form 1120S to report profits and losses. Each shareholder receives Schedule K-1 from the S Corp. Shareholders use Schedule K-1 to report profits and losses on their personal tax returns. In an S Corp, owners are protected by limited liability.

What is my title if I own an S Corp?

With an S corporation that has a single shareholder, he or she can be called the president, CEO, or another title. S corporations with more than one shareholder can issue titles at the time of formation.

How can a corporation amends its articles of incorporation?

– Unless otherwise prescribed by this Code or by special law, and for legitimate purposes, any provision or matter stated in the articles of incorporation may be amended by a majority vote of the board of directors or trustees and the vote or written assent of the stockholders representing at least two-thirds (2/3) of …

What is the difference between S corp and incorporated?

Incorporated businesses pay taxes on the income they, as a business, earn along with taxes that you, the owner, earns from working for the business. S Corporations do not pay taxes at the corporate level, but instead elect to have their profits, losses, deductions, and credits “pass-through” the entity level.

Is an S corp an LLC or INC?

Choosing the right business type is important to the success of your business. An S corporation isn’t a business entity like an LLC; it’s an elected tax status. LLC owners must pay self-employment taxes for all income. S-corp owners may pay less on this tax, provided they pay themselves a “reasonable salary.”

How do I file an S Corp document?

In order to become an S corporation, the corporation must submit Form 2553 Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553 PDF for all required information and to determine where to file the form.

What forms does an S Corp need to file?

Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.

How do you name an S Corp?

The name of a corporation must include the words “corporation,” “incorporated,” “limited” or “company,” the letters “Inc.”, or “Corp.” or some other phrase indicating that the entity is a corporation. Most state statutes specifically identify which descriptions can be used. Naming S corporations.