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Products
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Name availability check - verification that your desired business name is available in the state of formation
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Preparation and filing of all legal documents with the state of formation
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Registered Agent Service FREE for 3 months
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Sample Operating Agreements and Customizable Forms
Not included -
Corporate kit - custom record book, ownership certificates, sample documents and corporate seal
Not included -
Federal Tax ID EIN Obtainment
Not included -
Certified copies of your formation documents
Not included
-
Name availability check - verification that your desired business name is available in the state of formation
-
Preparation and filing of all legal documents with the state of formation
-
Registered Agent Service FREE for 3 months
-
Sample Operating Agreements and Customizable Forms
-
Corporate kit - custom record book, ownership certificates, sample documents and corporate seal
-
Federal Tax ID EIN Obtainment
-
Certified copies of your formation documents
-
Name availability check - verification that your desired business name is available in the state of formation
-
Preparation and filing of all legal documents with the state of formation
-
Registered Agent Service FREE for 3 months
-
Sample Operating Agreements and Customizable Forms
-
Corporate kit - custom record book, ownership certificates, sample documents and corporate seal
Not included -
Federal Tax ID EIN Obtainment
Not included -
Certified copies of your formation documents
Not included
-
What is an S Corporation?There are no restrictions as to who can form a corporation. There is no age, residency or other legal requirement. Some states do require that the directors of a corporation be a certain age however, typically 18 or older. View the Corporation Formation Requirements page of our state guides for the requirements of your particular state.
However, when Form 2553 is filed with the Internal Revenue Service (IRS) to elect S corporation status, there are restrictions imposed on the ownership of the corporation.
- S corporations can have no more than 100 shareholders, and all shareholders must all consent in writing to the S corporation election.
- Shareholders cannot be non-resident aliens.
- S corporations can have only one class of stock (disregarding voting rights).
- S corporations cannot have C corporations, other S corporations, LLCs, partnerships or many trusts as shareholders.
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What is a Federal Tax ID (EIN) number?
A Federal Tax ID (EIN) Number, also known as an Employer Identification Number or EIN, is basically a Social Security Number (SSN) for businesses. The identification number is used by the Internal Revenue Service (IRS) to identify the business, and it must be included on all federal tax filings the business makes. Also, banks generally require an EIN to open a business bank account. -
Can you explain the registered agent requirement?
When you incorporate a business or register to transact business in another state, you must typically name a registered agent for your company. The registered agent is responsible for receiving important legal and tax documents on behalf of your business. The registered agent must also have a physical address in your state of incorporation and be available during normal business hours.
BizFilings provides Registered Agent Service in all states.
With BizFilings as your registered agent, we help you:
- Avoid the risk of non-compliance. Business compliance requirements imposed by your state of incorporation are not likely to be your area of expertise, or interest. As your compliance partner, BizFilings will help you stay in compliance with state requirements for C corporations, avoid unnecessary state penalty fees and maintain your company's good standing in your state of incorporation.
- Protect your privacy. When a company is served with a Service of Process, it is often delivered by local law enforcement. Most business owners do not want police officers showing up in front of customers, employees or neighbors (in the case of a home-based business), to serve them notice that their company is being sued. Having BizFilings as your registered agent service provider ensures you receive any Service of Process promptly and privately.
- Fulfill the requirement to be available during normal business hours. The registered agent for a business must be available during normal business hours to accept important documents as they are delivered. Many business owners today set their own hours or are often away from their office or home-office. With BizFilings as your registered agent, we ensure you never miss these important communications.
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Do I need an attorney to form an S Corp?
No. You can prepare and file the Articles of Incorporation yourself, but you should understand the corporation formation requirements of your intended state of incorporation.
You can use BizFilings' service to incorporate your business and save money on attorney fees. If you are unsure if incorporation will benefit your business, or what business type you should choose, you should consult an attorney or accountant. -
What is the organizational structure of an S corporationThe organizational structure of an S corporation includes three groups: shareholders, directors and officers. An S corporation is owned by shareholders; however, they do not typically directly manage the company. Instead, they influence corporate decisions through electing and removing directors, approving or disapproving amendments to the Articles of Incorporation and voting on major corporate issues.
The directors, who comprise the “board of directors,” are responsible for managing the affairs of the S corporation. They usually make only major business decisions, and appoint and supervise officers, who make the day-to-day business decisions.
Officers are responsible for the everyday company management.
Note: A shareholder may serve on the board of directors and as an officer. In fact, most states allow S corporations to have only one shareholder, who also serves as the sole director and officer. This is very common for S corporations who only have one or a few shareholders.