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...
Hire a company to form your LLC: Northwest ($39 + state fee) or LegalZoom ($149 + state fee) (We recommend Northwest. We've reviewed all the top companies in the industry. And Northwest is our #1 pick for prices, customer support, and address privacy. Check out Northwest vs LegalZoom...
Next, you need to fill out Form 2553 of the IRS to get your federal S-Corp status. The form is divided into various parts and requires in-depth information about your business. This is the part where you’d benefit from the services of a company like Incfile or Inc Authority. They’...
This page will show you how to get an EIN (Federal Tax ID Number) for LLC online. It takes 15 minutes. The IRS gives out EINs for free.
Read More:How to Terminate an S-Corp Election & Revert to an LLC Download IRS Form 8832 - Entity Classification Election - from the forms section of the IRS website. Fill out the form, following the instructions provided. Indicate, as directed, that you are changing your tax structure desig...
Read More:How to Terminate an S-Corp Election & Revert to an LLC Download IRS Form 8832 - Entity Classification Election - from the forms section of the IRS website. Fill out the form, following the instructions provided. Indicate, as directed, that you are changing your tax structure desig...
Many of these business startups take the form of an LLC. How to start an LLC in Montana Choose a business idea for your Montana LLC Name your Montana LLC Create a business plan Get an employer identification number (EIN) File Montana Articles of Organization Choose a registered agent in ...
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Read More:How to Terminate an S-Corp Election & Revert to an LLC Download IRS Form 8832 - Entity Classification Election - from the forms section of the IRS website. Fill out the form, following the instructions provided. Indicate, as directed, that you are changing your tax structure desig...
owners of single-member llcs are taxed similarly to sole proprietors. however, you can ask the irs to consider you a c corporation or s corporation, which could lower your tax obligations. file form 8832 to change your tax classification to c corp status and form 2553 for s corp status....