There are certain qualifications that the corporation must meet to elect S corporation status. To qualify for S Corp status, your business:
Must be a domestic corporation formed in the U.S.A.
May have no more than 75 shareholders.
May only have individuals, estates, or certain trusts as shareholders.
May not have non-resident alien shareholders.
May only have one class of stock.
Must be a small business corporation, financial institutions (i.e. banks, insurance companies, building and loan associations, mutual savings, and loan associations)
cannot take advantage of an S corporation election.
Must conform to state statutory restrictions, which limit the transfer of shares/ownership of the company.
Our entity-setup service is 100% free.
We'll waive our service charges, labor costs, and overhead. You only pay the state fees and postage,
which are mandatory regardless of who incorporates for you.
You'll have the option to choose our recommended upgrades during checkout.