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Entities

Question: How does my business become an S Corporation?

Answer:

A corporation, or other business entity that elected to be treated as a corporation (by filing a Form 8832, Entity Classification Election), 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 tests in order to qualify to be an S corporation. To learn more, see the Instructions for Form 2553 and the Instructions for Form 1120S, U.S. Income Tax Return for an S Corporation.


Category: Small Business, Self-Employed, Other Business
Subcategory: Entities: Sole Proprietor, Partnership, Limited Liability Company/Partnership (LLC/LLP), Corporation, Subchapter S Corporation

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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:
IRS, Tax Products Coordinating Committee
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