Fulton County, Georgia is one of the 159 counties in the state of Georgia, located in the north-central part of the state. It is the most populous county in Georgia and encompasses the city of Atlanta, which serves as its county seat. Fulton County is known for its thriving business community, diverse population, and numerous cultural attractions. For individuals and businesses looking to establish an S Corporation in Fulton County, it is essential to understand the process of obtaining S Corporation status and the necessary paperwork involved. One of the critical steps in this process is filing the appropriate corporate resolutions forms. Corporate resolutions forms are legal documents that record the decisions and actions taken by the board of directors or shareholders of a corporation. These forms are essential in obtaining S Corporation status as they declare the corp's intention to elect S Corporation tax treatment. There are different types of corporate resolutions forms that may be required when obtaining S Corporation status in Fulton County, Georgia. Some common types include: 1. Election of Subchapter S Status: This form provides the official declaration of the corporation's intent to be treated as an S Corporation for tax purposes. It outlines the specific provisions and requirements of S Corporation status that the company agrees to adhere to. 2. Board of Directors Resolution: This form records the decision made by the board of directors to pursue S Corporation status. It includes the names of the directors who voted in favor of the resolution and any specific details or conditions they may have discussed. 3. Shareholders' Consent: This form is completed by the shareholders of the corporation. It confirms their agreement to elect S Corporation status and provides their signatures as evidence of consent. Each shareholder's percentage of ownership in the company is typically stated on this form as well. 4. Amended Articles of Incorporation: In some cases, the corporation's articles of incorporation may need to be amended to reflect the change in status to an S Corporation. This form outlines the specific changes being made to the original articles and requires the proper filing with the appropriate state or local authorities. Obtaining S Corporation status in Fulton County, Georgia, requires careful attention to detail and adherence to all necessary legal requirements. These corporate resolutions form play a critical role in documenting the intent and decisions made by the corporation and its stakeholders. It is recommended to consult with a legal professional or an experienced business advisor to ensure the proper completion and filing of the corporate resolutions forms and other required documentation. This will help ensure a smooth transition to S Corporation status, allowing the corporation to benefit from the tax advantages and other advantages associated with this business structure.
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.