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What does "election" mean in S-Corporation election?


S-Corporation Election Filing Service


The highest-ranking officer of the business and all business owners must sign the application, in effect all unanimously "voting" for it. So they are all "electing" or "choosing" S-Corporation status.



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What is an S-Corporation? Also known as an S-Corp, an S-Corporation is a business that has both incorporated and then additionally registered for S-Corporation status. The typical for-profit Corporation (also known as a C-Corp...
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Do I need to have a Federal Tax ID before I file? Yes. The federal S-Corporation election application requires a Federal Tax ID, also known as an Employer Identification Number. The Federal Tax ID must be specifically for the Corporation or LLC that ...
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How long does the S-Corporation election filing take? After providing all required signatures, which you can do easily online, we will submit your election to the IRS often within one same business day, and send you an e-mail confirming that we have done...
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Will both the IRS and my state grant my business pass-through taxation if I register it as an S-Corporation? Securing pass-through taxation from the IRS requires only one simple S-Corporation election filing you can conduct right here. How to get pass-through taxation at the state level depends on the laws ...
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