What is an S-Corporation?

An "S-Corporation" is a regular corporation that has between 1 and 100 shareholders and that passes-through net income or losses to shareholders. An S Corp is a corporation that elects to be treated as a pass-through entity (such as a sole proprietorship or partnership) for tax purposes.

An "S-Corporation" is a regular corporation that has between 1 and 100 shareholders and that passes-through net income or losses to shareholders. An S Corp is a corporation that elects to be treated as a pass-through entity (such as a sole proprietorship or partnership) for tax purposes. Since all corporate income is "passed through" directly to the shareholders who include the income on their individual tax returns, S Corporation are not subject to double taxation. An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.   http://www.infotaxsquare.com/view_article.php?title=What%20is%20S-Corporation&id=11

IRS Representation

Infotax Square represent clients with back taxes. We are committed to providing individual clients and business entities with individual care and attention. Our mission is to put you in the best possible financial position. A team of Tax Practitioners are here to understand your tax situation and craft a unique solution to your problem.

• IRS Tax Problems
• Business and Personal Tax Problems
• Income, Corporate and Estate Taxes
• IRS Office of Appeals
• Claim for Refund
• Payment Agreements
• Innocent Spouse Claims
• Employment and Payroll Taxes
• Trust Fund Taxes

Step1: listen to your IRS situation & problem

• Listen and learn about your current situation by gathering critical information from you.
• Determine the type (s) of resolution (s) you need to solve your tax issues.
• Request required documents from you and depending on your situation.

Step 2: Receive Professional Tax Assistance

• Provide you with personally catered client support.
• Walk you through your resolution.

Step 3: IRS representation on your behalf and attain the best resolution for you

• Negotiate with IRS officers to put you in the best financial position possible.
• Resolve your case with the IRS in the most efficient, and fastest manner possible.

http://www.infotaxsquare.com/irs-representation.htm

Free Company Name Search - State of New York

NEW YORK BUSINESS REGISTRATION ALL TYPES | BUSINESS LICENSES http://www.infotaxsquare.com/secretary-state/newyork.htm Benefits of incorporation in New York may be substantial for your business, if your business is located in another state, your home state's corporate filing fees and reports may still be required. We can provide you with information about your area so you can decide if a New York corporation is the right move for you. There are a number of business entity types to consider when you are deciding the structure of your New York business. The most advantageous entities to form in New York are typically corporations or LLCs. Although other entity options are possible, these are the entities that offer the highest level of liability protection in New York. As you review the characteristics of incorporating or forming an LLC in New York, be sure to keep in mind both the present and future needs of your business. Often, when you start a business it begins as a small organization. InfoTaxSquare.com files business documents with government agencies for its clients as an authorized representative not limited to New York corporation division, New York secretary of state and New York Department of revenue. We provide the following services in the state of New York to assist and expedite our valued customers. To read more please click the following links: Select Your Service Type In New York ................................................................................................................................................................................................................................. New York check list to start business NY Free Company Name Search Request Incorporate In New York Form an S Corporation in New York New York Limited Liability Company (LLC) New York Non Profit / Religious Corporation New York Professional Corporation New York Professional limited Liability Company New York Limited Liability Partnership New York Limited Partnership New York General Partnership New York Foreign Corporation Qualification New York Foreign LLC Qualification New York Fictitious Business Name /Sole Proprietor New York Corporation Annual Reports Filing New York LLC Annual Reports Filing New York Company Name Change New York Corporation Dissolutions New York LLC Dissolution New York Certificate of Status New York reseller permit New York Retail Cigarette and Tobacco License Other Services for the state of New York

Certified Copies of Documents

A certified copy is a duplicate of an original document that is certified as a true copy by the officer having custody of the original. Keeping the original of your formation documents or any other state-filed document with your company records records is important. If the original(s) are ever lost or misplaced, requesting a certified copy from the state of formation or qualification is advisable.

Additionally, a certified copy of your company's formation documents is often needed in order to open a bank account or to foreign qualify your company to transact business in another state. Often, Corporations and Limited Liability Companies are required to provide certified documents. For examples:

A Secretary of State may request certified copies when an entity intends to foreign qualify In the event that an individual or entity loses original documents and needs to have copies on file for their internal company records Certified copies are useful for internal record-keeping purposes The most common request is Certified Copies of Articles of Incorporation and All Amendments. Other types of documents for which requests for certification are frequently received include:

    * Formations
    * Amendments
    * Certificates of authority (qualification documents); and
    * Dissolutions.

NOTE: Because many states charge fees per page of the documents to be certified -- which cannot be determined in advance Infotax Square representative will contact you to discuss State filing Fees.  
http://www.infotaxsquare.com/view_article.php?title=Certified%20Copies%20of%20Documents|InfoTaxSquare.com&id=84

Form A Limited Liability

It is very important to understand about your company structure before you decide to register business. Here we will try to present some variances between Limited Liability Companies and Limited Liability partnerships. Technically both are companies. 

Limited Liability Company (LLC) 

• Company
• Limited liability Company
• File Article of Organization or Formation
• Owners are called: Members
• Can be formed by one member
• Recognized in all 50 states but can be
• Restricted for specific functions
• Pass through Entity for Tax Purposes

Limited Liability Limited Partnership (LLLP) 

• Company
• Limited Liability Limited Partnership
• File Article of Organization or Formation
• Owners are called Partners
• Two or more partners
• Few states do not recognize LLP's
• Pass through Entity for tax purposes
• The large law firms and large accounting firms are LLLPs is that they can be an LLLP in every state. But they can’t operate as an LLC in every state

Incorporate or Form an LLC 

InfoTaxSquare.com
Business Documents Filing!

New Business Setup

A new business setup can be a hassle. As a business customer you will find that we try to get to know your business in depth in order to provide excellent service. Choosing a right business structure for your business is a key to save taxes and protecting business and personal assets. To register business you have to choose a most appropriate structure for your business like sole proprietor, corporation, Limited Liability Company and many others will be discussed later below.

To setup new business or for a new business registration you must first check the the Check List To Start New Business and Tips to maintain successful business!

Most commonly used business registrations are as follow:

What Is Name Amendment?

Name Amendment reflects changes to the legal name of a corporation, LLC or any other legal entity. Companies are authorized and bound to do business using their legal names filed with the registering State. If a legal entity will be changing its name, for that change approval must be taken from the state before applying that change into the business.

If you decide to change any information listed on the original formation document for a corporation, LLC, you need to file an Article of Amendment. When the name of a corporation, Limited Liability Company (LLC), Limited Partnership (LP) or Limited Liability Partnership (LLP) changes, a name amendment may be required in states where your company conducts business.

What is an article of amendment? 

An article of amendment is a formal document that is filed with the state of registration when any corporation or Limited Liability Company or any other business entity wants to change its legal name.

When should I file article of amendment? 

If you have decided to change any information listed on the article of incorporation for a corporation, LLC or any other business type, you need to file an Article of Amendment. When the name of a corporation, Limited Liability Company (LLC), Limited Partnership (LP) or Limited Liability Partnership (LLP) changes, a name amendment may be required in states where your company conducts business.

How is a Corporation or LLC name changed? 

A corporation or LLC name is changed by filing an amendment to the Articles of Incorporation or Organization. The name change amendment may be adopted by the corporation's board of directors, unless its articles of incorporation require that the name change be adopted by the corporation's shareholders or by LLC's Members or Managers.

For example, name changes for a corporation may require consent of the company's board of directors, officers or its shareholders. The new company name must be available on the records of the state. If the name is not available, the state may reject the company's name amendment.

Can I check the availability of name? 

InfoTaxSquare.com will do preliminary search to check the availability of the name to avoid rejection before submitting the amendment to the state. You can also check the availability of name for FREE by using this link our Free Company Name Search.

http://www.infotaxsquare.com/name-amendment.htm