Standard
$ 249
S Corporation Election Application (IRS Form 2553)
Electing S Corporation status offers tax advantages through pass-through taxation, avoiding double taxation, and providing limited liability protection. Filing IRS Form 2553 ensures eligibility and maximizes these benefits.
Express
$ 349
24-Hour Rush
$ 399
How to Apply for S Corporation Election (IRS Form 2553)?
Prostrings simplifies the S Corporation election process with a structured approach:
- Initial Consultation
- Document Preparation
- Form Completion
- Submission
- Follow-Up and Support
Who Needs to Elect S Corporation Status?
Any eligible business entity that wishes to take advantage of the tax benefits and liability protection offered by S Corporation status should consider filing IRS Form 2553. This includes:
Corporations
Limited Liability Companies (LLCs)
Partnerships that meet the S Corporation eligibility criteria
Documents Needed for S Corporation Election (IRS Form 2553)
To apply for S Corporation election, you will generally need the following documents and information:
Corporations
Limited Liability Companies (LLCs)
Partnerships that meet the S Corporation eligibility criteria
Documents Needed for S Corporation Election (IRS Form 2553) To apply for S Corporation election, you will generally need the following documents and information:
Legal name of the business entity
Business address
Employer Identification Number (EIN)
Date the business was incorporated or formed
Shareholder information (names, addresses, Social Security numbers)
Shareholder consent (signed consent from all shareholders)
Business structure details (e.g., corporation, partnership, LLC)
Reason for applying (e.g., tax benefits, liability protection)
State-specific forms and applications (if applicable)
Prostrings is dedicated to making the process of electing S Corporation status as smooth and efficient as possible. Our team of experts is here to guide you through each step, ensuring compliance and peace of mind.
