Trademark Filings

We make it easy for you to protect your business name or a logo by helping you file your trademark.

Copyright Filings

Claim ownership and protect your original work, such as books, videos and music from being duplicated without your permission.

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S Corporation

Elect S Corporation Tax Status

Save time, money, and hassle when you use our professional document filing services to help elect your s-corp status.

Some of the Benefits of Electing S Corporation Status:
  • Limited Liability Protection
  • Raise Money By Selling Shares
  • Gain Credibility
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What is an S-Corporation Election?

An S-Corp Election is a tax-related filing. Many people think that an S-Corporation is a type of corporation, but really, an S-Corporation is a C-Corporation with an S-Corporation tax election. When the S-Corp tax election is made, the entity is telling the federal government that it would like to be taxed as a partnership rather than as a corporation. This is often done to avoid taxation at the corporate level and then again when distributions are made (at the individual level).

When the entity is taxed as a partnership, the corporation’s profits pass through the entity level and are taxed only at the shareholder level. There are specific requirements that must be met to qualify as an S-Corporation, so if this type of entity is of interest, you should make sure you qualify.

A large majority of our small business customers meet the following requirements:

  • Be filed as a U.S. corporation
  • Maintain only one class of stock
  • Maintain a maximum of 100 shareholders
  • Be comprised solely of shareholders who are individuals, estates or certain qualified trusts, who consent in writing to the S Corporation election
  • All shareholders must have a US Social Security Number
  • Corporate fiscal year ends December 31st

Failure to observe any of the above requirements could revoke your S Corporation status at any time. Whether or not an S Corporation is something that you would benefit from is a decision that only you can make. Please consult your lawyer or CPA for details.

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Initial Report

File Your Initial Report In some states, corporations or LLCs are required to pay annual fees and taxes for the privilege of operating as a state-l...

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