Question How does my business become an S Corporation, assuming that it otherwise satisfies the S corporation requirements? Answer A corporation or other entity eligible to elect be treated as a corporation must use Form 2553, Election by a Small Business Corporation to make an S corporation election. A business entity treated as a corporation must meet certain requirements to qualify to be an S corporation. To learn more, see the Instructions for Form 2553 and the Instructions for Form 1120-S, U.S. Income Tax Return for an S Corporation. See also S Corporations. Category Small business, self-employed, other business Sub-Category Entities
