Florida 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 Florida 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 Florida
State Law Compliance: This form complies with the laws of Florida

Florida S-Corporation Status – Kit

Product Details

Product Florida 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 #40194
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 for S-Corporation status, your corporation must meet certain criteria, including having a limited number of shareholders, being a domestic corporation, and having only allowable shareholders.

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

Yes, existing corporations can elect to be treated as S-Corporations by filing Form 2553 with the IRS, provided they meet the eligibility requirements.

Yes, the election must be made by March 15 of the tax year for which you want the S-Corporation status to take effect, or within 75 days of forming the corporation.

Is This Form Right For You?

Use This Form If:

  • Individuals who are starting a new business in Florida may need this S-Corporation Status Kit to ensure they meet all necessary requirements for S-corporation status, which can provide significant tax advantages.
  • Situations requiring a change in the corporate structure may prompt existing corporations to seek this kit. By qualifying as an S-corporation, they can avoid double taxation and pass income directly to shareholders.
  • For those planning to hold a special shareholders meeting, this kit provides essential documents such as notices and minutes that ensure compliance with Florida state laws and proper corporate governance.
  • Entrepreneurs looking to protect their personal assets may utilize this kit to establish an S-corporation, which limits liability while also offering favorable tax treatment compared to traditional corporations.
  • Business owners who want to ensure they are in compliance with IRS regulations will find this kit invaluable. It includes all necessary forms and guidelines to properly elect S-corporation status.

Do Not Use If:

  • This kit is not appropriate for businesses that do not meet the eligibility requirements for S-Corporation status, such as those with more than 100 shareholders or foreign shareholders.
  • If your business is a sole proprietorship or a partnership, this kit is not applicable, as S-Corporation status is only relevant for corporations.
  • In cases where a business intends to retain earnings for reinvestment rather than distributing profits to shareholders, an S-Corporation may not be the best choice.
  • This kit should not be used if the corporation has previously elected S-Corporation status and is now seeking to revert to a C-Corporation without proper legal guidance.

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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 - Florida

Address of state corporation department:
Department of State
Division of Corporations
PO Box 6327
Tallahassee, FL 32314
Telephone: 850-245-6052
State web address: http://www.leg.state.fl.us/
State law reference: Florida Statutes, Title 36, Chapter 607.
Title of filing: Articles of Incorporation.
Filing Fees: $35.
Other fees: Registered agent designation, $35.
Name reservation: Name reservations are not available. A preliminary name availability search may be conducted
online at www.sunbiz.org.
Name requirements: Corporation, Incorporated, Company, or abbreviation. (Section 607.0401).
Incorporator requirements: One or more persons or entities. (Sections 607.01401, 607.0201).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 607.0301.
Director requirements: One or more persons (may be nonresidents). (Section 607.0802).
Paid-in capital requirements: None.
Annual report requirement: Yes, to Department of State. (Section 607.1622). Filing fee of $61.25.
Publication requirements: None.
Other provisions: At the time of incorporation, the registered agent must file a statement with the Department
of State accepting the appointment as registered agent and stating that the registered agent is familiar with and
accepts the obligations of that position. This statement may be included in the Articles of Incorporation. (Section
607.0501). If any preemptive rights are to be granted to the shareholders, they must be granted in the Articles of
Incorporation. (Section 607.0202). The Articles of Incorporation must state the street address and mailing address
of the corporation. (Section 607.0202).

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