Forming an S Corporation
Before you form an S Corporation, determine if your business will qualify under the IRS stipulations .
To file as an S Corporation, you must first file as a corporation. After you are considered a corporation, all shareholders must sign and file Form 2553 to elect your corporation to become an S Corporation.
Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality. Use the Licensing & Permits tool to find a listing of federal, state and local permits, licenses, and registrations you’ll need to run a business.
If you are hiring employees, read more about federal and state regulations for employers.