Define Fillable Fields In Legal Florida Startup For S-Corporation Forms For Free

You must file California S Corporation Franchise or Income Tax Return (Form 100S) if the corporation is: Incorporated in California. Doing business in California. Registered to do business in California with the Secretary of State (SOS)

To register a business as an S corporation, Articles of Incorporation (sometimes called a Certificate of Incorporation or Certificate of Formation), must be filed with the state and the necessary filing fees paid. After incorporation, Form 2553 must be filed with the IRS in order to elect S corporation status.

Once you incorporate your business, you will need to file an annual report with your Secretary of State.

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.

Do you need an EIN for an S-Corp? While an S-Corp is not legally required to have an EIN for tax purposes (partnerships and traditional corporations must), it's a good idea to get one anyway, because EINs are needed to achieve several business objectives you will undoubtedly wish to pursue with your business.

Once a valid S corporation election is terminated or revoked, the corporation or any successor corporation is generally prohibited from making a new election for five years. The five-year period begins with the tax year after the first tax year for which a termination or revocation is effective (IRC § 1362(g)).