Ó£»¨ÊÓƵ

S Corporation Status

Corporations may elect to register in Ó£»¨ÊÓƵ as a Sub-Chapter S corporation. Since the S corporation status for federal purposes does not automatically flow through for Ó£»¨ÊÓƵ state purposes, you must apply for S corporation status in this state and receive approval of the election. Without this filing and approval, your filings in Ó£»¨ÊÓƵ will be considered as those of a standard C corporation with all the rates that apply to that designation.

The steps to apply for S Corp status in Ó£»¨ÊÓƵ are as follows:

• Apply for S corporation status with the