What Happens When S Corp Status Terminates?

What happens when S Corp status terminates? When an S corporation does not adhere to a restriction, its S corporation status is terminated. A Form 1120S (U.S. Income Tax Return for an S Corporation) must be filed for the S corporation tax year that ended, and a Form 1120 (U.S. Corporation Income Tax Return) must … Read more

Why Incorporate in Texas: Benefits and Comparison with Other States

Why should I incorporate in Texas? By incorporating the company in Texas, you can avail numerous advantages that the state offers to the startups such as consistency, deductible employee profits, lawsuit protection, tax savings, as well as the protection of the personal assets. Moreover, you can also choose a separate person for the legal affairs. … Read more

Understanding Articles of Incorporation Philippines

What are Articles of Incorporation Philippines? The Articles of Incorporation is a document that is needed to form a corporation in the Philippines. The existence of a corporation begins after it has submitted the Articles of Incorporation to the SEC and the SEC issues a Certificate of Incorporation. Read more on www.wonder.legal A corporation must … Read more

Understanding Non-Commercial Agents and Registered Agents

What is non commercial agent? What Is a Noncommercial Registered Agent? Most individuals and many single-state registered agent companies fall under the category of a noncommercial registered agent, which are individuals or entities that have not filed a listing statement with the secretary of state. Read more on www.harborcompliance.com An individual or organization designated to … Read more

How Long Does a Dissolution of a Corporation Take Place?

How long does a dissolution of a corporation take place? Estimated Period of Completion when Dissolving a Corporation. Assuming all documentary requirements are filed with the SEC, an application for dissolution where no creditors are affected or by shortening of corporate term, can take around one to two (1-2) months. Read more on ndvlaw.com A … Read more

Which States Allow Series LLCs?

Which states allow series LLCs? Some states allow you to form a series LLC and other states don’t. Other states that have a series LLC option include Alabama, Arkansas, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kansas, Missouri, Montana, Nevada, North Dakota, Oklahoma, Puerto Rico, Tennessee, Texas, Utah, Virginia, Wyoming. Read more on www.thebalancesmb.com A … Read more

Can a Registered Office be a PO Box?

Can a registered office be a PO box? The general rule is that you cannot use a PO Box as a company’s registered office. It is important that a company’s official address is real and can be found by a member of the general public. The only time a PO Box address can be used … Read more

Setting Up a Corporation in Nevada: A Comprehensive Guide

How do I set up a corporation in Nevada? Step 1: Name Your Nevada Corporation. Step 2: Choose a Nevada Registered Agent. Step 3: Hold an Organizational Meeting. Step 4: File the Nevada Articles of Incorporation. Step 5: File the Nevada Initial List and State Business License Application. Step 6: Get an EIN for Your … Read more