In A Nutshell

By Jim Costa

 

   Go To:    File With State         

            Go To:   Get Federal ID Number      

    Go To:   Create Corp. Records

                       Go To:   Prepare for Organizational Meeting

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Instructions For Creating a For-Profit Corp.

 

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File With The State

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1.   Google for your State:   "Florida Division of Corporations:

      Search for:   Incorporating a For- Profit Corp.
              (do not select Register a Corporation. That is when your Florida
               corporation is opening a branch store in another state.

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2.  While at the State website, search for Corporations by name. 
     Make certain the name you want to use is available.

     

3.    Download their form and fill it out.     See sample of answers.  PDF
           Note:  Your signature is required twice.

      

4.    Go back online and file using a credit card.
 

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Get Federal ID Number

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1.  Wait a week until you get your Corporation Charter back from the state.

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2.  Download Form SS4                 PDF

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3.  Download Completed Sample     PDF
 

4.  Complete your SSF Form.

5.  Go online to see Instructions - How & Where to file it.   Link

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6.  Note:  You haven't decided if you will be an employee yet.
            If no plans to hire anyone else soon, answer questions #13 and #14

             for no employees.    YouTube:   Tax Planning - Sub S Corp.

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7.  As soon as you get a EIN number write it down and save a copy of any paper
    proving it was assigned to you.

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​​Create Your Corp. Records

 

​1.  Purchase a 3 Ring Notebook and 15 tab dividers.

     Correct and print Notebook cover sheets.              PDF

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2.  Print  Procedures For Organizational Meeting.         PDF

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3  Correct and print Organizational Meeting basics:

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A.  Waiver of Notice For Org. Meeting                      PDF

B.  Offer To Purchase Shares of Stock                          PDF

C.  Prepare Blank Stock Certificates                            PDF

D.  Prepare Corporate Seal                                       PDF

E.  Correct first two paragraphs of Bylaws                    PDF

F.   If "C" Corporation, correct first two paragraphs
       of Medical Plan and Education Plan.                    PDF

     G.  Shareholders' Agreement                           PDF

               This agreement requires all retiring shareholders to offer to sell stock
               back to the corporation before selling to outsiders.

 

Prepare For Organizational Meeting.​

 

1. IRS Form 2553 to become Sub "S" if desired.              Sample     Blank

    If you file this be certain to save the authorization form
  that is returned in a few months.
                                                          Youtube:   Tax Planning - Sub S Corp.
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