Delaware Obtain S Corporation Status — Corporate Resolutions Forms are legal documents that help businesses operating in the state of Delaware to convert their existing structure to an S Corporation. S Corporations, also known as Subchapter S Corporations, are a specific type of business entity that offers certain tax advantages and limited liability protection to the owners. Delaware is a popular choice for entrepreneurs and businesses due to its business-friendly laws and advantageous tax policies. The process of obtaining S Corporation status in Delaware involves several steps, one of which is the preparation and execution of corporate resolutions. Corporate resolutions are formal decisions made by the corporation's board of directors and are documented in writing. These resolutions outline the actions that need to be taken by the corporation to obtain S Corporation status. Delaware offers various types of corporate resolutions forms to facilitate the conversion to S Corporation status. These forms are designed to streamline the process and ensure compliance with relevant state laws. Some different types of Delaware Obtain S Corporation Status — Corporate Resolutions Forms include: 1. Certificate of Conversion to S Corporation: This form is used to convert an existing corporation to an S Corporation. It requires information such as the corporation's name, the effective date of conversion, and the relevant IRS tax information. 2. Shareholder Resolution to Approve S Corporation Election: This form is used to obtain approval from the corporation's shareholders for the conversion to S Corporation status. It outlines the details of the election, such as the tax year for which the election is made, and requires the signatures of the shareholders. 3. Board of Directors' Resolution to Approve S Corporation Election: This form is used to document the board of directors' approval for the S Corporation election. It includes details such as the date of the resolution and the names and signatures of the directors. 4. IRS Form 2553: Although not specific to Delaware, this form is an essential component of the process. It is used to make the S Corporation election with the Internal Revenue Service (IRS) and must be filed within a certain period after the conversion to S Corporation status. These forms are readily available through various sources, including legal websites, online business service providers, and Delaware state agencies. It is important to ensure that the selected form is compliant with the specific requirements of Delaware law and that all necessary information is accurately provided. In conclusion, Delaware Obtain S Corporation Status — Corporate Resolutions Forms are integral to the process of converting a business to S Corporation status in the state of Delaware. By following the appropriate steps and utilizing these forms correctly, businesses can take advantage of the tax benefits and limited liability protection offered by S Corporations.