Harris County in Texas is home to numerous businesses and entrepreneurs who often seek to obtain S Corporation status through the filing of corporate resolutions forms. S Corporation status provides certain tax advantages and liability protection for business owners. Understanding the process and types of corporate resolution forms in Harris Texas is essential for those looking to establish or convert their business into an S Corporation. Here is a detailed description and information on the different types of Harris Texas Obtain S Corporation Status — Corporate Resolutions Forms: 1. Certificate of Incorporation: To establish an S Corporation in Harris Texas, businesses must first file a Certificate of Incorporation with the Secretary of State. This form outlines essential details about the business, such as its name, registered agent, purpose, and authorized stock. 2. Organizational Resolutions: Once the Certificate of Incorporation is filed, businesses typically adopt Organizational Resolutions. These resolutions document the actions taken during the initial organizational meeting of shareholders and directors, such as electing officers, adopting bylaws, and authorizing the issuance of stock. 3. Election by Small Business Corporation (Form 2553): To obtain S Corporation status at the federal level, businesses in Harris Texas must file Form 2553, known as the Election by a Small Business Corporation, with the Internal Revenue Service (IRS). This form notifies the IRS of the business's intent to be treated as an S Corporation for taxation purposes. 4. Shareholder Resolutions: Shareholder Resolutions are crucial to formally elect S Corporation status at the state level. These resolutions are adopted and signed by the shareholders, indicating their agreement to be treated as an S Corporation for Texas state tax purposes. 5. Bylaws: Bylaws serve as the internal rules and regulations of the S Corporation. They define the roles and responsibilities of shareholders, directors, and officers, as well as the procedures for shareholder meetings and other corporate activities. Bylaws are not typically filed with any government entities but are vital for maintaining corporate compliance. It is important for businesses in Harris Texas seeking S Corporation status to consult with legal and tax professionals to ensure proper completion and filing of the required corporate resolution forms. This will help prevent any potential errors or omissions that may negatively impact the business's standing and eligibility for S Corporation status.
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.