Tennessee Obtain S Corporation Status - Corporate Resolutions Forms

• Category: Corporations - Minutes and Resolutions - Actions
• State: Multi-State
• Control #: US-0046-CR
• Format: Word; Rich Text

Description

Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.

Tennessee Obtain S Corporation Status — Corporate Resolutions Forms refer to the specific documents that need to be filed and completed in order to obtain S Corporation status in the state of Tennessee. An S Corporation is a special type of corporation that provides the benefits of limited liability and pass-through taxation to its shareholders. To achieve S Corporation status, a corporation must meet certain requirements and file the necessary paperwork with the appropriate authorities. The process of obtaining S Corporation status in Tennessee starts with the completion of corporate resolutions forms. These forms serve as official documents that record the decisions made by the corporation's board of directors or shareholders. They are used to document the intent of the corporation to elect S Corporation status and to authorize the necessary actions to achieve this status. There could be different types of corporate resolutions forms related to obtaining S Corporation status in Tennessee. These may include: 1. Election of S Corporation Status Resolution: This form is used to document the corporation's decision to elect S Corporation status. It includes information such as the corporation's name, address, federal employer identification number, and the effective date of the election. 2. Shareholder Consent Form: This form is signed by all the shareholders of the corporation, indicating their consent to elect S Corporation status. It typically includes the names and addresses of all shareholders, along with their signatures and the date of consent. 3. Board of Directors Resolution Form: This form is used when the decision to elect S Corporation status is made by the board of directors. It records the resolution and the vote taken by the directors, along with the date and signatures of the directors. 4. Officer's Certificate: This form is signed by an officer of the corporation, certifying that the corporate resolutions forms have been properly approved and executed in accordance with the corporation's bylaws and applicable laws. Once these corporate resolutions forms are completed, they need to be submitted to the Tennessee Secretary of State or any other relevant state agency responsible for business registrations. Along with these forms, the corporation may also need to file additional documents, such as the Articles of Amendment or the Application for S Corporation Election, depending on the specific requirements of the state. In summary, Tennessee Obtain S Corporation Status — Corporate Resolutions Forms are the required documents that a corporation needs to complete in order to elect S Corporation status in Tennessee. These forms typically include an Election of S Corporation Status Resolution, Shareholder Consent Form, Board of Directors Resolution Form, and Officer's Certificate. By completing and submitting these forms along with any other necessary documents, a corporation can achieve the benefits of S Corporation status in Tennessee, providing limited liability and pass-through taxation to its shareholders.