If you’re a small business owner looking to set up an S corporation, you’ll need to fill out form 2553 and send it to the IRS. As you navigate tax season, here’s an easy-to-follow guide for faxing Form 2553 to the IRS.
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To change your LLC to an S-corp requires you to fill out and file the form 2553 of the IRS, which requires no filing fee. So, technically, it costs nothing to change an LLC to an S-corp. However, you may need to pay some fees after filing Form 2553. For example, if you check...
Electing S-corp taxation couldn’t be any easier. All you have to do is fill out a single form (Form 2553), and your corporation will be taxed as an S-corp for as long as you continue to meet the various shareholder requirements for S-Corp taxation. Also, LLCs are allowed to elect...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
Then, learn how to fill it out by watching our step-by-step California Operating Agreement video. Download a free LLC Operating Agreement: Member-managed: Google Doc | Word | PDF Manager-managed: Google Doc | Word (What's better? See Member-managed vs Manager-managed LLC) 5. Get an EIN...
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Then,learn how to fill it outby watching our step-by-stepLLC Operating Agreementvideo. Download a free LLC Operating Agreement: Member-managed:Google Doc|Word|PDF Manager-managed:Google Doc|Word (What's better?SeeMember-managed vs Manager-managed LLC) ...
To officially register a business entity in the state where dropshipping will be conducted, Articles of Organization are required if you form an LLC or Articles of Incorporation if you form a corporation. The IRS Form 2553 must be completed and submitted by the business if it wishes to choose...
Please note, that even if you plan on filing either of these forms, you’ll need to continue through the process of the online EIN application, and after your EIN is approved, you can then file Form 8832 or Form 2553. But make sure you speak to an accountant regarding which method of...