top of page

S Corporation
Business Formation

An S Corporation is a corporation that corporate income and losses pass-through to its shareholders. Typically, a shareholder, thus percentage owner, of an S Corporation reports corporate income on their personal income tax returns.

Basic Package:

  • Company Name Availability Check

  • Preparation of Articles of Incorporation 

  • Registered Agent for 60 Days 

  • Formation document received via email from POWr

  • Secure Portal Link received with 24 hours of purchase for completed formation document submission

  • Weekly Status Updates

  • Satisfaction guaranteed

  • Online Access to Your Documents via your Secure Portal for 1 year

 

$915

State Fees, & Publication State Fees, if applicable

+ Shipping & Handling 

Expanded Package:

  • Everything in the Basic Package

  • 1 hour consulting time with a CPA

  • Federal EIN (EIN) Application

  • Formation document received via email from POWr

  • Secure Portal Link received with 24 hours of purchase for completed formation document submission

  • Weekly Status Updates

  • Satisfaction guaranteed

  • Online Access to Your Documents via your Secure Portal for 1 year

 

$1215

State Fees, & Publication State Fees, if applicable

+ Shipping & Handling 

Deluxe Package:

  • Everything in the Expanded Package

  • 2 total hours consulting time with a CPA

  • Certified Copy of Formation Documents

  • Incorporation Resolution Statement (Template)

  • Bylaws and Minutes (Template)

  • Registered Agent for 1 year

  • Corporate Banking Resolution (Template)

  • Kit and Seal 

  • Formation document received via email from POWr

  • Secure Portal Link received with 24 hours of purchase for completed formation document submission

  • Weekly Status Updates

  • Satisfaction guaranteed

  • Online Access to Your Documents via your Secure Portal for 1 year

 

$1715

State Fees, & Publication State Fees, if applicable

+ Shipping & Handling 

Add to Cart

S Corporation Qualifications

1. Must be filed as a C Corporation

2. Can maintain only one class of stock

3. Is limited to 100 shareholders or less

4. Shareholders must be individuals, estates or certain qualified trusts

5. Requires EACH shareholder's consent in writing to the S Corporation election

6. Requires each shareholder have a US Social Security Number

7. Requires each shareholder to be a US Citizen or permanent resident alien with a valid United States Social Security Number

8.Must have a tax year ending on December 31

Steps to Apply for S Corporation Status

1. Take steps necessary to form a C Corporation

2. Timely file the IRS Form 2553

What if I missed the S Corporation Deadline?

Well, there’s always next year! Where a corporation fails to timely file its IRS Form 2553 with the IRS, the S Corporation election will NOT be effective for that year, Thus, the corporation will be taxed as a C Corporation.

The good news: a late S Corporation election is generally effective for the next tax year. However, relief for a late election may be available if the corporation can show that the failure to file on time was due to reasonable cause.

Kelly Mattarocci, CPA is a licensed public accounting firm in the State of Texas, and cannot provide legal advice.

Next Steps

If you are ready to form and elect a S Corporation, Kelly Mattarocci, CPA is here to help you with all your business registration and compliance filings. 

bottom of page