When you start a new business, you must decide between many different business formations. One of these options includes an S corp, which is a designation used by the Internal Revenue Service for federal tax purposes.
If you decide to apply for an S corp, there are many advantages associated with this decision. These include some of the following:
Establishing a business as an S corporation can also help new companies enhance their credibility with their employees, potential customers, partners, and vendors.
To become an S corp business, you must be a domestic corporation, have only once class of stock, have no more than 100 shareholders, and not have any partnerships. Businesses that want to move forward applying for an S corporation can simplify the process using the services from IRS EIN Tax ID Filing Service. The filing process and obtaining an S corp EIN is efficient and effective, and if you need help along the way, our 24/7 support staff is available to assist you.
After you complete the application and establish your federal tax ID, we will email this information directly to you, so you can get back to focusing on building your brand, retaining customers, and marketing your products and services. Contact us if you have any questions or if you are ready to get started forming an S corporation.