How to form an S-corporation for Infrastructure

Introduction

Creating an S-corporation is a simple process that can help you to protect and grow your business. The first step is to create a corporate structure, which involves forming an LLC or corporation (depending on state laws), getting a Federal Employer Identification Number (FEIN), and choosing the type of legal entity for your business. For example, if you go with an LLC, you’ll need to file articles of organization in every state where you do business as well as obtain licenses or registration certificates from your local municipality. Once that’s done, it’s time to choose a name for your business and register it with the State Department of Consumer Affairs or Corporations Division.

How to form an S Corporation

• Create a corporate structure
• Create an LLC or Corporation for the business, and choose a name for your business.
• Register the LLC or Corporation with the state where you plan to do business, as well as get a local business license. You will also need to register with the IRS (it takes about 20 days).

Create a corporate structure

• Choose the right business entity for your S-corporation, and then file the appropriate papers to make it official.
• Incorporate your business with an attorney or CPA.

-Choose a business structure: An LLC is a corporation that has fewer formalities than a regular corporation (such as filing a separate tax return). A corporation can be set up as an S-Corp or C-Corporation. The process of incorporating your business is similar to creating a sole proprietorship or LLC. You’ll need to file articles of incorporation with the state and then pay any associated fees.

Choose a name for your business

• Choose a name that is not already in use.
• Choose a name that is easy to remember.
• Choose a name that is not too long.
• Choose a name that is not too short (it should not be just one or two words).
• If you want to use your own name as the company’s business title, check whether it’s available as an assumed business name with the Secretary of State’s office in your state. The benefit of using your own individual name for your firm comes from building up trust with customers and suppliers based on familiarity with their relationship with you over time—but if there are legal problems such as debts owed by anyone who shares part ownership in the venture, then this may prove problematic if they’re listed on official documents under any variation of said individual’s identity versus their personal one.

Get a local business license and register your business with the state

This will require some paperwork and may take a few days. Once that’s done, make sure you have a physical address for your business; otherwise, it can be difficult for customers to find you.

Once that’s out of the way, it’s time to get an EIN (Employer Identification Number) from the IRS before opening a bank account for yourself as well as your corporation.

These steps will get you started as an S corporation

S corporation status is a type of corporate structure established by the Internal Revenue Code. It allows a company to avoid paying corporate taxes on its net earnings, and instead have those earnings pass through to shareholders, who then pay personal income tax on them at their individual rates.

An S corporation is different from other types of corporations in that it has fewer restrictions on who can own them—anyone can own an S corporation, including foreign investors and non-resident aliens. Other types of corporations may not be able to issue stock to non-Americans or nonresidents (some states allow this, but others don’t).

There are also restrictions on who can be an S corp’s shareholders; only U.S. citizens, domestic corporations, and certain foreign entities that qualify under Subpart F of the Internal Revenue Code are eligible to own stock in an S corporation.

Conclusion

If you’re looking for a new way to start your business and want to keep your personal assets safe from liability, an S corporation is a great option. It provides protection from personal liability while giving you the flexibility of being an individual owner. The steps involved in forming one can be time-consuming, but once you have completed them all successfully, you’ll have peace of mind knowing that all taxes are being filed correctly as well!