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

Nevada S-Corporation Status – Kit

Product Details

Product Nevada 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 #40213
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 Service (IRS) requirements. It allows income to be passed through to shareholders, avoiding double taxation on corporate income.

To qualify for S-Corporation status in Nevada, your corporation must meet certain criteria, including having a limited number of shareholders and only one class of stock. The S-Corporation Status Kit provides detailed requirements and forms to help you comply.

The kit includes essential documents such as a checklist for S-Corporation status, notices for shareholder meetings, affidavits, waivers, and minutes of meetings, all tailored for compliance with Nevada law.

Yes, existing corporations can elect to change their status to an S-Corporation. The S-Corporation Status Kit provides the necessary forms and guidelines to facilitate this transition.

Electing S-Corporation status allows profits to be taxed at the individual level rather than at the corporate level, potentially reducing the overall tax burden for shareholders. This can be a significant advantage for small business owners.

Is This Form Right For You?

Use This Form If:

  • Individuals who are starting a new business in Nevada may need this S-Corporation Status Kit to understand the requirements for electing S-corporation status. This kit provides essential guidelines and forms necessary for compliance with state and federal regulations.
  • For existing corporations looking to change their tax status, this kit serves as a comprehensive resource to facilitate the transition to S-corporation status. It includes all necessary documentation to ensure that the process is handled correctly and efficiently.
  • Situations requiring a special shareholders meeting to discuss S-corporation status can benefit from this kit. The included templates for notices and minutes streamline the meeting process, ensuring that all legal requirements are met.
  • Business owners seeking to maximize tax benefits may find this kit invaluable. By providing the necessary forms and information, it helps them navigate the complexities of S-corporation eligibility and compliance.
  • For those needing to inform shareholders about the decision to elect S-corporation status, this kit includes all relevant notices and waivers. This ensures that all shareholders are properly notified and that the corporation adheres to legal protocols.

Do Not Use If:

  • This form is not appropriate for corporations that do not meet the IRS requirements for S-Corporation status. If your corporation has more than 100 shareholders or multiple classes of stock, you cannot elect S-Corporation status.
  • If you are operating as a sole proprietorship or partnership, this kit is not applicable. S-Corporation status is specifically for corporations and does not pertain to other business structures.
  • In situations where you are not ready to hold a shareholders meeting, this kit may not be useful. The forms included are designed for use during formal meetings regarding S-Corporation status.
  • If your corporation is already classified as an S-Corporation and you are not making any changes, you do not need this kit. It is intended for those seeking to establish or change their S-Corporation status.
  • For businesses looking to incorporate in a state other than Nevada, this kit is not suitable. It is specifically tailored to comply with Nevada state laws and regulations.

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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 - Nevada

Address of state corporation department:
Secretary of State
New Filings Division
206 N. Carson Street
Carson City NV 89701-4299
Telephone: 775-684-5708
State web address: http://www.leg.state.nv.us/
State law reference: Nevada Revised Statutes, Chapter 78.
Title of filing: Articles of Incorporation.
Filing Fees: Variable fee based on value of authorized shares. Minimum fee of $75 is charged where value of
authorized shares is $75,000 or less. For purposes of this computation, shares must have a minimum par value of
one-tenth of one cent, and shares without a par value are valued at $1. (Section 78.760).
Other fees: By the end of the first month after filing its Articles of Incorporation, a corporation must file a list of
its officers and directors and resident agent. $125 filing fee. (Section 78.150).
Name reservation: Reservable for 90 days for $25 fee. (Section 78.040).
Name requirements: Corporation, Incorporated, Company, Limited, or abbreviation. (Section 78.035).
Incorporator requirements: One or more persons. (Section 78.030).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 78.060).
Director requirements: One or more (may be nonresidents) (Section 78.115).
Paid-in capital requirements: None.
Annual report requirement: Yes, to Secretary of State. The corporation must file annually a list of its officers
and directors and resident agent. Filing fee is based upon the value of authorized shares. (Section 78.150).
Publication requirements: None.
Other provisions: A registered agent is known as a “resident agent” in Nevada. The resident agent must file a written
certificate of acceptance along with the Articles of Incorporation for the Articles to be valid. (Section 78.030).
The Articles of Incorporation must list the names and addresses, either residence or business, of the first board of
directors or trustees, along with any desired provisions relating to the right to change the number of directors. (Section
78.035, 78.115). Any filing with the Secretary of State should be accompanied by the appropriate Customer
Order Instructions form for regular or expedited service.

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