District of Columbia S-Corporation Status – Kit

Bahman Eslamboly

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An S-corporation is recognized by the Internal Revenue Service but is treated differently than other corporations in terms of federal taxation. S-corporations are taxed in the same way as partnerships and the corporation itself does not pay a corporate tax. Any taxable profits of an S corporation fall to the individuals who own shares in the corporation. This S-Corporation Status Kit contains important information regarding S Corporations.

This S-Corporation Status Kit for District of Columbia includes the following:
  • Notes and Requirements for S-Corporation Status
  • S-Corporation Checklist
  • Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Affidavit of Mailing of Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Waiver of Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Minutes of Special Shareholders Meeting Regarding S-Corporation Status
  • Resolution of Shareholders Regarding S-Corporation Status

Protect Yourself and your Business by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Information
  2. S-Corporation Status Kit for use in District of Columbia
State Law Compliance: This form complies with the laws of District of Columbia

District of Columbia S-Corporation Status – Kit

Product Details

Product District of Columbia S-Corporation Status – Kit
Country United States
Pages 11
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category S-Corporation Status
Product number #40193
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

An S-Corporation is a special type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders to avoid double taxation.

To qualify, your corporation must meet certain criteria, including having no more than 100 shareholders, all of whom must be U.S. citizens or residents, and having only one class of stock.

The kit includes essential documents such as a checklist, notices for shareholder meetings, affidavits of mailing, minutes of meetings, and resolutions regarding S-Corporation status.

Yes, an existing corporation can elect to be treated as an S-Corporation by filing Form 2553 with the IRS, provided it meets the eligibility requirements.

S-Corporations allow profits to be passed through to shareholders, avoiding the corporate tax level, which can lead to significant tax savings for the owners.

Yes, the S-Corporation Status Kit is specifically designed to comply with the laws and regulations of the District of Columbia.

The templates provided in the kit can be filled out with your corporation's specific information and used for meetings and filings as required by law.

If your corporation has more than 100 shareholders, it cannot qualify for S-Corporation status and may need to consider other business structures.

Is This Form Right For You?

Use This Form If:

  • Individuals who are starting a new business in the District of Columbia may need this kit to understand the requirements for qualifying their corporation as an S-Corporation, which can provide tax advantages.
  • For those looking to convert an existing corporation to S-Corporation status, this kit provides the necessary documents and guidelines to ensure compliance with state and federal regulations.
  • Situations requiring a formal meeting of shareholders to discuss S-Corporation status can benefit from this kit, as it includes templates for notices and minutes that help document the process legally.
  • Business owners seeking to maximize their tax efficiency might find this kit essential, as it outlines the steps to take advantage of S-Corporation taxation benefits, which can lead to significant savings.
  • Companies planning to raise capital or attract investors may need to establish S-Corporation status, and this kit provides the necessary documentation to facilitate that process.

Do Not Use If:

  • This kit is not appropriate for corporations that have more than 100 shareholders, as S-Corporation status is limited to a maximum of 100 shareholders.
  • If your corporation has non-resident alien shareholders, this kit will not be suitable, as S-Corporations require all shareholders to be U.S. citizens or residents.
  • In situations where the corporation has multiple classes of stock, this kit cannot be used, as S-Corporations are restricted to one class of stock.
  • If your business is structured as a partnership or sole proprietorship, this kit is unnecessary, as it is specifically designed for corporations seeking S-Corporation status.
  • For businesses that do not intend to take advantage of the tax benefits associated with S-Corporation status, this kit may not be relevant.

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Package of the most frequently used forms to start a corporation for use in all states.

Product Laws

S-Corp Information - District of Columbia

Address of state corporation department:
Department of Consumer and Regulatory Affairs
Business and Professional Licensing Administration
Corporations Division
941 North Capitol Street, NE
Washington DC 20002
Telephone: (202) 442-4400
State web address: http://dccouncil.washington.dc.us/
State law reference: District of Columbia Code, Title 29, Chapter 1.
Title of filing: Articles of Incorporation.
Filing Fees: $150.
Other fees: Initial license fee upon filing, minimum $35 for authorizing up to $100,000 of authorized stock.
Name reservation: Reservable for 60 days for $35 fee. (Section 29-101.09).
Name requirements: Corporation, Incorporated, Company, Limited, or abbreviation. (Section 29-101.08).
Incorporator requirements: One or more persons, 18 years or older. (Section 29-101.46).
Corporate purpose requirements: A specific primary purpose must be stated. (Section 29-101.47).
Director requirements: One or more. (Section 29-101.47).
Paid-in capital requirements: Articles must state minimum of $1,000. (Section 29-101.47).
Annual report requirement: Yes, to Department of Consumer and Regulatory Affairs. The report is due by April
15 the year after incorporation, and by April 15 every two years thereafter. (Section 29-101.98).
Publication requirements: None.
Other provisions: Corporation’s name must not indicate that corporation is organized under an Act of Congress.
(Section 29-101.08). Provisions limiting or denying shareholders’ preemptive rights should be stated in the Articles
of Incorporation, and if there are no such provisions, the Articles of Incorporation should so specify.

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