How to form a Texas S-Corporation
If you have chosen to form a Texas S-Corporation, there are special circumstances to be aware of. Formation of Corporations in
The main reason to choose to form a Texas S-Corporation is for federal income tax purposes. Once you file your
S-Corporation election is done at the federal level. IRS form 2553 designates your desire to be an S-Corporation. You have seventy-five days from your date of incorporation to file with the IRS. You will not be granted S-Corporation status for the year in which you incorporated if you do not file within the first seventy-five days after the incorporation of your business.
Examples of the type of other state required documentation you may need when filing your federal S-Corporation election is a sales tax permit. Your business will require a sales tax permit if your business sells taxable goods or services in the state of
In order to make sure you follow all the steps and guidelines required both by the State of
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