Can you convert an existing LLC to an S Corp?

To be taxed as an S corporation, you must convert your LLC into a traditional corporation (C corporation) with the state, and file IRS Form 2553 "Election as a Small Business Corporation" with the IRS. For your business to qualify as an S corporation, make sure it meets the IRS's specific guidelines.

US Legal Forms
Certificate
Certificate of Election of Officers

Corporation Corporate Officer For Llc In Maricopa

Category:

Corporations - Officers and Employees

State:

Multi-State

County:

Maricopa

Control #:

US-00063

Format:

Instant download

Description

These consent minutes describe certain special actions taken by the Board of Directors of a corporation in lieu of a special meeting. It is resolved that the president of the corporation may borrow from a bank any sum or sums of money he/she may deem proper. The minutes also state that the bank will be furnished with a certified copy of the resolutions and will be authorized to deal with the officers named within the document.

View Claim defamation character within a company in Washington

View this form

View Claim defamation character within a company in Michigan

View this form

View Claim defamation character within a company in King

View this form

View Claim defamation character within a company in Wayne

View this form

View Claim defamation character within a company in Massachusetts

View this form

Form Rating

4.63

Satisfied(442)

Form popularity

FAQ

To be taxed as an S corporation, you must convert your LLC into a traditional corporation (C corporation) with the state, and file IRS Form 2553 "Election as a Small Business Corporation" with the IRS. For your business to qualify as an S corporation, make sure it meets the IRS's specific guidelines.

A limited liability company classified as an association and taxable as a corporation for federal purposes may elect S corporation status.

As an LLC, your company may decide to appoint corporate officers, such as a president, vice president, or treasurer to handle certain jobs or tasks within the company.

If you want your LLC to be taxed as an S corporation for the tax year beginning January 1, 2022, the members must sign and file IRS Form 2553 with the IRS not later than March 15, 2022.

If you have an existing LLC you can convert to an S-Corp by completing IRS Form 2553. This form can be faxed or emailed to the IRS. It will usually take 6–8 weeks to get a confirmation letter back from the IRS. You are not officially an S-Corp until you receive the confirmation letter.

The Importance of a Certificate of Good Standing Some LLCs may never have need for a Certificate of Good Standing, as you typically only need one if an individual, institution, or agency you wish to do business with requires it. While a company can legally conduct business without a Certificate of Good Standing.

The fastest, most convenient way to submit your documentation is by using the A.C.C.'s online services at . If you are forming an LLC, you will submit Articles of Organization. If you are forming a corporation, you will submit Articles of Incorporation.

A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by mail or in person, but we recommend mailing. Normal processing takes up to 2 weeks, plus additional time for mailing, and costs 50 cents per page, not to exceed $15. LLC documents will have additional charges.

The five Commissioners elected to the Corporation Commission oversee executive, legislative, and judicial proceedings on behalf of Arizonans when it comes to their water, electricity, telephone, and natural gas resources as well as the regulation of securities, pipeline, and railroad safety.

More info

All forms are in PDF format and are fillable (you can type in them). We recommend that you type the information so the documents are legible.If you fax to any other fax number, your filing WILL be delayed. The "organizer" must complete, sign and file the Arizona Corporation Commission's two page fill in the blanks Articles of Organization Arizona. 3135 or going to azcc.gov. This guide to starting an LLC in Arizona provides step-by-step instructions on filing formation documents, obtaining tax IDs, and setting up company records. Check for name availability. Forming an LLC in Arizona follows a fairly standard process of filing Articles of Organization with the Arizona Corporations Commission. To form your LLC, you must register your business in Arizona with the Arizona Corporation Commission (ACC). You must register your company or business with the Arizona Corporation Commission to establish an LLC.

Corporation Corporate Officer For Llc In Maricopa

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

Can you convert an existing LLC to an S Corp?

Can I file as an S Corp if I have an LLC?

Who is the corporate officer of an LLC?

How do I convert my LLC to an S Corp in Arizona?

How long does it take to switch from an LLC to an S Corp?

Does a single member LLC need a certificate of good standing?

How to file with the Arizona Corporation Commission?

How do I get a copy of my LLC in Arizona?

What does a corporation commissioner do in Arizona?

More info

Trusted and secure by over 3 million people of the world’s leading companies