At Colucci Associates, we specialize in helping entrepreneurs and small businesses set up their S-Corporation (S-Corp), offering comprehensive services to ensure your business is legally compliant, tax-efficient, and properly structured for growth. From filing the necessary paperwork to providing ongoing support, we guide you every step of the way in setting up your S-Corp.
We handle the complete formation process of your S-Corporation, ensuring all the necessary documents, including Articles of Incorporation and corporate bylaws, are filed with the state.
We assist with obtaining your EIN, which is required for tax purposes, opening business bank accounts, and hiring employees.
We file the necessary IRS Form 2553 to elect S-Corp status, ensuring that your business benefits from pass-through taxation and other advantages.
We ensure your S-Corp complies with any state-specific regulations, including business licenses, permits, and registration with state tax agencies.
We help draft the necessary operating agreements and shareholder documents, outlining ownership structures, roles, and responsibilities.
We provide guidance on ongoing compliance, such as annual filings, tax filings, and corporate governance, ensuring that your S-Corp remains in good standing.
We begin with a detailed consultation to understand your business goals, helping determine if S-Corp is the best structure for your business and providing guidance on the incorporation process.
We file the Articles of Incorporation with the state to legally establish your S-Corp, ensuring that all required details are included.
We complete and file Form 2553 with the IRS, electing S-Corp status for your business. This ensures your company will be taxed as an S-Corp, benefiting from pass-through taxation.
We assist in obtaining your EIN from the IRS, which is necessary for tax filings, employee payroll, and business operations.
We handle state registration and compliance, ensuring you meet the necessary requirements in the state where your S-Corp is formed, including obtaining any business licenses or permits.
After incorporation, we offer ongoing support to ensure your S-Corp remains in good standing. This includes helping with annual filings, tax obligations, and advising on shareholder agreements and operating documents.
An S-Corp is a business structure that allows profits to pass through directly to shareholders, avoiding double taxation. It offers liability protection for owners while providing tax advantages for smaller businesses.
The S-Corp election is made by filing IRS Form 2553 within a specific period after forming the corporation. This election allows your business to be taxed as an S-Corp, which may result in lower overall tax rates.
To form an S-Corp, we file Articles of Incorporation, prepare bylaws, file Form 2553 with the IRS, and obtain your EIN. Additionally, we can help you prepare shareholder agreements and operating documents.
Yes, S-Corps can have no more than 100 shareholders, and all shareholders must be U.S. citizens or residents. We can guide you through the shareholder structuring process to ensure compliance.
Your S-Corp will need to file an annual return (Form 1120S) with the IRS, and you may need to file state-specific forms as well. We provide ongoing support to ensure all filing requirements are met.
