Want this question answered?
An S-Corp will need to fill out a W-9 form if another company is requesting the form to make payment to the company. The W-9 form provides the S-Corp legal name, address, and tax id number for tax purposes.
Savin employed me in the 80's and was given stock. Is there any value and do you need the actual certificate if there is?
yes
An S-Corp is exempt from backup withholding on a W9 form. The backup withholding box on the W9 form is required for individual taxpayers and not businesses or corporations.
A corporation must elect to be treated as an S corporation by filing Form 2553 before or by the 15th day of the third month of its first effective tax year. The IRS can and often does allow late election for "reasonable cause," which can include not knowing about or understanding the election requirements. All shareholders must consent in writing to the retroactive election and amend their returns if necessary to reflect the change.
any number it can be other than promoter
Corp. officers may elect exclusion from coverage only empoyees of such companies need to be covered by law.
The shareholders hjave the ultimate power and the officers operate the corporation.
There are really two different types of filings that S corp tax software can handle. The first is the filing of the various 1120 forms to report gains, deductions, and sometimes losses for the S corp itself. The more common purpose of S corp tax software is to allow individual shareholders to file their own financial gains and losses. While some software can perform both duties, for the most part shareholders in an S Corp can use more common tax software since the gains and losses can be reported easily on a 1040 form.
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
No, A Sub S corp is a "conduit", like a partnership. All of the income is reported on the shareholders personal tax return. Generally, all shareholders get their pro rata distribution of income based on their respective stock ownership.
An S-Corp will need to fill out a W-9 form if another company is requesting the form to make payment to the company. The W-9 form provides the S-Corp legal name, address, and tax id number for tax purposes.
If you are the sole owner / employee of your s-corp, workers comp insurance is not required in CA, however some companies you do contract work for may require you to have wc insurance or some type of liability or health insurance.
A shareholder can declare personal bankruptcy whenever he wants. If the S-corp is declaring bankruptcy, only a simple majority is required (51%) before action can be taken. Do you need consent of the other shareholders? That depends of what your articles of incorporation say.
An S Corp is dissolved by filing a certificate of dissolution with the Nevada agency where the Corp is registered. Once the paperwork is filed, the S Corp is considered dissolved.
MedCath Corp.'s population is 30.