Annotate Legal Arkansas Startup For S-Corporation Forms For Free

To form an Arkansas S corp, you'll need to ensure your company has an Arkansas formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.

Some jurisdictions?the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas?do not recognize the federal S corporation election and, for the most part, tax S corporations like other business corporations.

Most states automatically accept the federal S election; however some have their own S election forms. Be sure to confirm the S Corporation status for your state before filing the state tax return.

Follow these five steps to start an Arkansas LLC and elect Arkansas S corp designation: Name Your Business. Choose a Registered Agent. File the Arkansas Certificate of Organization. Create an Operating Agreement. File Form 2553 to Elect Arkansas S Corp Tax Designation.

There are two types of corporations in Arkansas, C and S corporations, also known as "C-corp" and "S-corp." A C corporation is taxed as a separate entity, which means the corporation pays taxes, and then the shareholders pay taxes on individual dividends they receive.

To form an S Corp in California, you must file Form 2553 (Election by a Small Business Corporation) with the IRS and then complete additional requirements with the state of California, including filing articles of incorporation, obtaining licenses and permits, and appointing directors.