Can I elect for S-corporation status?

Generally speaking, a newly formed C-corporation can make an election for S-corporation status provided it meets certain requirements. One accounting firm has a well-written blog post about the process.

If you do make an S-corporation election, please note that the templates on Clerky have been designed solely for C-corporations. We encourage you to consult with an attorney to complete the post-incorporations setup (and any other paperwork) using documents that have been designed for use with S-corporations.

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