Arkansas Obtain S Corporation Status — Corporate Resolutions Forms are legal documents required for businesses in Arkansas to obtain S Corporation status. S Corporation status is a tax designation granted by the Internal Revenue Service (IRS) that allows a business to avoid double taxation by passing its income, deductions, and credits through to its shareholders. In order to obtain S Corporation status in Arkansas, businesses must file specific corporate resolutions forms that outline the steps taken by the corporation's board of directors and shareholders to elect this tax status. There are several types of Arkansas Obtain S Corporation Status — Corporate Resolutions Forms, including: 1. Certificate of Corporate Resolution: This form is typically used to document the resolutions passed by the corporation's board of directors, such as the decision to elect S Corporation status. It includes details such as the date the resolution was adopted, the names of the directors who voted, and the specific resolution passed. 2. Shareholders' Consent to Election of S Corporation Status: This form is used to obtain the consent of the corporation's shareholders for the election of S Corporation status. It includes information such as the names of the shareholders, the number of shares they hold, and their signatures indicating their consent. 3. IRS Form 2553, Election by a Small Business Corporation: This federal tax form is required to be filed with the IRS to officially elect S Corporation status. It includes information such as the name and address of the corporation, its employer identification number (EIN), the effective date of the election, and the signatures of the corporation's officers. Businesses seeking S Corporation status in Arkansas must ensure that all required corporate resolutions forms are completed accurately and submitted within the designated timeframe. It is advisable to consult with a qualified attorney or tax professional to ensure compliance with all applicable state and federal laws.
Para su conveniencia, debajo del texto en español le brindamos la versiĂ³n completa de este formulario en inglĂ©s. For your convenience, the complete English version of this form is attached below the Spanish version.