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

Oklahoma S-Corporation Status – Kit

Product Details

Product Oklahoma 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 #40221
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 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 for S-Corporation status, notices for shareholder meetings, affidavits of mailing, and resolutions regarding S-Corporation status.

Yes, existing corporations can elect to be treated as S-Corporations by filing the appropriate forms with the IRS and meeting the necessary requirements outlined in the kit.

S-Corporations benefit from pass-through taxation, meaning that corporate income is not taxed at the corporate level but instead is reported on the individual tax returns of the shareholders, potentially lowering overall tax liability.

Is This Form Right For You?

Use This Form If:

  • Individuals who are starting a new business in Oklahoma may need this S-Corporation Status Kit to ensure they qualify for S-corporation status, which can provide significant tax advantages. This kit offers essential guidelines and forms that streamline the process of electing S-corporation status.
  • 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 necessary documentation and checklists to meet the requirements set forth by the IRS and Oklahoma state law.
  • Situations requiring compliance with state tax regulations often necessitate the use of this kit. Business owners can utilize the forms included to hold special meetings and document shareholder resolutions, ensuring they adhere to legal protocols.
  • To protect their personal assets, entrepreneurs may opt for S-corporation status, and this kit provides the necessary tools to achieve that. The included affidavits and notices help in formally communicating with shareholders, which is crucial for legal compliance.
  • For those who want to maximize tax efficiency, this S-Corporation Status Kit is invaluable. It not only provides the forms needed for S-corporation election but also offers insights into the tax implications of choosing this business structure.

Do Not Use If:

  • This kit is not appropriate for individuals who are looking to form a different type of business entity, such as a Limited Liability Company (LLC) or a C-Corporation. Each business structure has its own set of requirements and implications that this kit does not address.
  • If your corporation has more than 100 shareholders or includes non-resident aliens, this kit will not be suitable as it is designed specifically for qualifying for S-Corporation status under IRS regulations.
  • Situations where the corporation has multiple classes of stock are also not appropriate for this kit. S-Corporations can only have one class of stock, and this kit does not provide guidance for those with complex stock structures.
  • For businesses that do not plan to elect S-Corporation status, such as those intending to remain as C-Corporations, this kit will not be relevant. The forms and information provided are specifically tailored for S-Corporation qualification.

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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 - Oklahoma

Address of state corporation department:
Secretary of State
2300 N. Lincoln Blvd., Room 101
Oklahoma City OK 73105-4897
Telephone: 405-521-3912
State web address: http://www.oklahoma.gov/
State law reference: Oklahoma Statutes, Title 18, Sections 1001+.
Title of filing: Certificate of Incorporation.
Filing Fees: Minimum $50, variable fee based on $1 per $1,000 of total authorized capital.
Other fees: None.
Name reservation: Reservable for 60 days for $10 fee. (Section 18-1139).
Name requirements: Association, Company, Corporation, Club, Foundation, Fund, Incorporated, Institute, Society,
Union, Syndicate, Limited, or abbreviation. (Section 18-1006).
Incorporator requirements: One or more persons, partnerships, associations, or corporations. (Section 18-
1005(A)).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 18-1005(B)).
Director requirements: One or more (may be nonresidents). (Section 18-1027(B)).
Paid-in capital requirements: None.
Annual report requirement: None.
Publication requirements: None.
Other provisions: The Articles may state that the corporation’s shares, or a class of shares, are without a par value.
(Section 18-1005(A)(4)). If the powers of the incorporator or incorporators will terminate upon the filing of the
Certificate of Incorporation, the Certificate must include the names and mailing addresses of the people who will
serve as initial directors. (Section 18-1005(A)(4)).

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