A new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. The general corporation tax (GCT) only applies to subchapter S corporations and qualified subchapter S subsidiaries under the US Internal Revenue Code.There are no requirements to file meeting minutes but the state copies should be kept with the corporate records. To complete the form, provide details about the business like its name, address, tax year details, and the names and addresses of all shareholders. Find out the basics of holding an annual meeting for your S corporation. Find out the basics of holding an annual meeting for your S corporation. Northwest provides an attorney-drafted template for New York corporation bylaws that you can fill out, save, download, and print, all for free. By electing to be treated as an S corporation, an eligible domestic corporation can avoid double taxation. This year's annual meeting promises an enriching experience filled with tributes, recognitions, and networking opportunities. S corp owners can write off start-up losses.