In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income.

Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations). In order to become an S corporation, the corporation must submit Form 2553 Election by a Small Business Corporation

Name of Official Document: Form # Online Fee: Paper Fee: Online Form: PDF Form: Articles of Incorporation for a Benefit Corporation : N/A: $50.00: N/A: PDF: Certificate of Amendment to Add or Amend a Benefit Corporation