Mississippi S-Corporation Status – Kit
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This S-Corporation Status Kit contains important information and guidelines for qualifying your corporation for S-corporation status. This kit is for use in Mississippi and is available for immediate download.
Instant Download
$19.95
Free eSignature included
File types included
- Microsoft Word
- Adobe PDF
- WordPerfect
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
$19.95
Free eSignature included
with every order
Attorney prepared
Our forms are kept up-to-date and accurate by our lawyers
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
This S-Corporation Status Kit for Mississippi 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:
- General Information
- S-Corporation Status Kit for use in Mississippi
Mississippi S-Corporation Status – Kit
Product Details
| Product | Mississippi 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 | #40209 |
| 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. It allows income to be passed through to shareholders, avoiding double taxation at the corporate level.
To qualify for S-Corporation status, your corporation must meet several requirements, 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, notice of special shareholders meeting, affidavit of mailing, waiver of notice, minutes of the meeting, and a resolution of shareholders.
Yes, existing corporations can elect S-Corporation status by filing Form 2553 with the IRS, provided they meet the eligibility requirements.
S-Corporations benefit from pass-through taxation, meaning that the corporation itself does not pay federal income tax. Instead, income is reported on the shareholders' personal tax returns, potentially leading to lower overall tax liability.
Is This Form Right For You?
Use This Form If:
- Individuals who are starting a new business in Mississippi may need this S-Corporation Status Kit to ensure they meet the necessary requirements for S-corporation status. This kit provides essential guidelines and forms that facilitate the transition to this tax structure, which can lead to significant tax savings.
- Situations requiring a change in corporate status often arise when existing corporations seek to optimize their tax obligations. By utilizing this kit, corporations can navigate the process of electing S-corporation status, ensuring compliance with both state and federal regulations.
- For those who are planning a special shareholders meeting to discuss the S-corporation election, this kit includes all necessary documentation to properly notify shareholders and document the meeting proceedings. This ensures transparency and adherence to legal requirements during the decision-making process.
- Business owners looking to protect their personal assets may find this kit invaluable. By electing S-corporation status, they can limit their personal liability while enjoying the benefits of pass-through taxation, making this kit a crucial resource for informed decision-making.
- Entrepreneurs who are unfamiliar with the S-corporation election process can benefit from the comprehensive information provided in this kit. It simplifies complex legal jargon and offers step-by-step instructions, making it easier for new business owners to understand their options.
Do Not Use If:
- – This kit is not appropriate for businesses that do not meet the eligibility criteria for S-Corporation status. For instance, corporations with more than 100 shareholders or those that have non-resident alien shareholders cannot elect S-Corporation status.
- – If a business is already structured as a C-Corporation and is satisfied with its current tax obligations, this kit may not be necessary. C-Corporations have different tax implications and may not benefit from the S-Corporation election.
- – Situations where a business is planning to expand internationally may not find this kit suitable, as S-Corporation status is primarily beneficial for domestic operations and may complicate international tax matters.
- – For sole proprietorships or partnerships looking to maintain their current structure, this kit is not applicable. The S-Corporation election is specifically for corporations, and these entities would need different forms and guidelines.
Save with a Combo Package
You've found your form, but will you need others? If there are other related forms you may need in the future, it may be beneficial to look at our combo packages. On average, customers who purchase a combo package save 40% on the related forms they need.
Package of the most frequently used forms to start a corporation for use in all states.
Product Laws
S-Corp Information - Mississippi
Secretary of State
PO Box 136
301 North President Street
Jackson MS 39205-0136
Telephone: 601-359-1333
State web address: http://www.mscode.com/
State law reference: Mississippi Code Annotated, Title 79, Chapter 4.
Title of filing: Articles of Incorporation.
Filing Fees: $50.
Other fees: None.
Name reservation: Reservable for 180 days for $25 fee. (Section 79-4-4.02).
Name requirements: Corporation, Incorporated, Company, Limited, or abbreviation. (Section 79-4-4.01).
Incorporator requirements: One or more persons or entities. (Sections 79-4-1.40, 79-4-2.01).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 79-4-3.01).
Director requirements: One or more (may be nonresidents). (Sections 79-4-8.02, 79-4-8.03). But the shareholders
can agree that there will be no board of directors and the corporation will be managed by shareholders instead.
(Section 79-4-7.32).
Paid-in capital requirements: None.
Annual report requirement: Yes, to Secretary of State. (Section 79-4-16.22). $25 filing fee.
Publication requirements: None.
Other provisions: Within 60 days of incorporation, the corporation must file for Franchise Tax Registration with
State Tax Commission. (Section 27-13-17).
Related Forms
Pre-Incorporation Kit Master
This kit provides tools for determining the details of a corporation’s purpose, structure and type p...
Corporate Bylaws Kit
Corporate Bylaws Kit for use in most states.
Amendment to Articles of Incorporation
This Amendment to Articles of Incorporation Kit provides forms and guidelines for amending your corp...
Amendment to Bylaws
This Amendment to Corporate Bylaws kit provides helpful tools, guidelines and forms for use in amend...
General By-Laws for an Incorporated Association (Canada)
General By-Laws for use in all provinces except Quebec.
Articles of Incorporation Kit Master
This kit provides tools for preparing, completing and filing your corporation's Articles of Incorpor...
Looking for something else?
Search our extensive library of legal forms