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How to Form an S Corp

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How to Form an S Corp

60,998 views November 25, 2019 15:36

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ChannelClearValue Tax

Description from the creator

How to form an S Corp is a step by step guide instructional video on how to form an S Corporation. Many of our clients with an LLC ask how do I set up an S Corp? The S Corp is simply just a tax method. You will need your C Corp or LLC to elect the S Corporation tax method. You do so with the Form 2553 to make the S Corp Election, which is just one of the many steps necessary for creating an S Corp. So please let us know any questions or comments about our how to form an S-Corporation video and series.

So this instructional guide is your go-to video for S Corp Formation and your S Corp Setup. This is also perfect for you if you want to start an S Corp. Please check out our other videos about S Corps and S Corp taxes.

If you have any questions about these S Corporation taxes or S Corporations in general, please leave a question or comment below.

We hope you enjoy this video about How to form an S-Corp.

Thank you all!

If you would like to apply for your EIN with the IRS, please be sure to use the official IRS website here: irs.gov/businesses/small-businesses-self-employ…

About this tutorial

ClearValue Tax published this 15:36 video tutorial on November 25, 2019. It has been watched 60,998 times on YouTube.

Category
Education
Duration
15:36
Published
November 25, 2019
Views
60,998
Likes
3,187

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Further reading

  • What is an S corp? Everything small business owners need to ... quickbooks.intuit.com

    An S corporation is essentially a regular corporation that has applied for “S corporation” tax status. S corp shareholders report pass-through income on their personal income tax returns. By reporting income here, S cor…

  • S Corporations | Internal Revenue Service irs.gov

    In order to become an S corporation, the corporation must submit Form 2553 Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553 PDF for all required information and…

  • How to Create an S Corporation: 15 Steps (with Pictures ... wikihow.com

    A regular C corporation is taxed twice—one tax at the corporate level on the corporation’s net income, and then a second tax when profits are distributed to shareholders. You can avoid this double taxation by electing t…

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