Land And Water's Business Solutions Group, PO Box 710, New York, NY 10040

FEDERAL & STATE S-CORPORATION ELECTION - $35.00

An S-Corporation or S-corp., for Federal income tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, an S-Corporation does not pay any income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.

In order to make an election to be treated as an S-corporation, the entity:

· Must be an eligible entity (a domestic corporation, or a limited liability company).
· Must not have more than 100 shareholders.
· Shareholders must be U.S. citizens or residents, and must be physical entities (a person), so corporate shareholders and partnerships are to be excluded. However, certain tax-exempt corporations, notably 501(c)(3) corporations, are permitted to be shareholders.
· Must have only one class of stock.
· Profits and losses must be allocated to shareholders proportionately to each one's interest in the business.

If your corporation meets these requirements, and wishes to be taxed under Subchapter S, B.S.G can make the election for you. B.S.G can make your company’s Federal and State S-Corporation Election. For further information, consult our ENTITY COMPARISON CHART, or CONTACT US.

FEDERAL & STATE S-CORPORATION ELECTION

ADDITIONAL B.S.G ENTITY DEVELOPMENT SERVICES:

·Doing Business As Registration - $100.00
·Name Availability - $30.00
·Name Reservation - $40.00
·Federal Tax ID - $35.00

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