How do I become an “S-Corporation”?

By default, all Corporations (regardless of which state they were formed in) are known as “C-Corporations“. So, if you have not specifically filed a form to elect to become an S-Corporation, then your company is still a C-Corporation.

By submitting a form 2553 the IRS and adopting the appropriate corporate resolution, you can become an S-Corporation. Note that this is due either 1) within the first 75 days of the companies formation (with a few exceptions) or 2) by March 15 of the next year (to make it effective that year).

If you utilize our S-Corporation Election service we can prepare the resolution and the form for you “ready for signature”, you’ll just need to fax it to the IRS and they’ll confirm via mail within a few weeks. Note that some states like California and New Jersey also require their own state version of the S-Corporation Election.