Fill Out Legal Indiana Startup For S-Corporation Forms For Free

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.

Indiana, like many other states, because it recognizes the S corporation election, does not tax the S corporation at the corporate level; it does, however, require each S corporation shareholder to pay tax on their appropriate share of the corporation's income at 3.23 percent once it is adjusted as grown income.

In Indiana, that means choosing an entity name, filing articles of incorporation, and paying a filing fee. In order to become an S Corp, the corporation must then file what is known as an ?S Election??Form 2553?with the Internal Revenue Service (?IRS?).

To form an Indiana S corp, you'll need to ensure your company has an Indiana 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.

Corporations: To create a corporation in Indiana, you must file Articles of Incorporation with the Indiana SOS. You will also need to appoint a registered agent in Indiana for service of process. Although not legally required, you also should prepare bylaws to establish your corporation's internal operating rules.

Establishing Your Indiana LLC The cost for domestic LLC formation is $100 by mail or $95 online. There's a small payment processing fee if filing online. Foreign entities registering an LLC must likewise complete a Foreign Registration Statement. The filing fee is $125 to $250 by mail or $105 to $240 online.