So today, we're going to look at filing your corporation within Illinois. The first step is to go to the Secretary of State's website, which is cyberdriveillinois.com. Once there, click on the "Business" section. Next, click on "Business Corporations" which will provide you with all the necessary information for creating a corporation. To file your corporation, click on "Corp Articles of Incorporation" which will guide you through the process and inform you about the required guidelines and fees. To file online, the cost is $281.25. After clicking "Continue", you will be prompted to enter your corporation's name, registered agent, stock purpose, incorporators, and fees. Click "Continue" to proceed. Enter your corporation's name as required, for example, "YourName Inc.". Then, provide the actual address for your office, such as UIC Institute for Entrepreneurial Studies, before clicking "Continue" again. Verify your address, and if it's correct, move on. Determine and enter the number of shares (e.g. 1000) your corporation will have. Provide the purpose or legal activities of your business, and review the associated fees. Click "Continue" to proceed. Fill in your name and address once more, and then you can submit your application. Upon submission, you will be directed to the payment page where you can complete the officers of the corporation. Remember, this video is only demonstrating the steps involved, so do not actually submit the application. In the real process, you would need to add the officers for your business and make the payment. Hopefully, this information was helpful in understanding how to create your corporation within the state of Illinois. Thank you.
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Amend 2553 Form: What You Should Know
However, IRS Form 2553: How to Change Your Business's Tax Structure provides instructions for a “file and accept” (PDF) alternative, which means if you send in Form 2553 you will receive a letter advising you that the S corporation is still authorized to file (but you need to follow the link above to receive instructions).  To obtain instructions for the “file and accept” submission click here. Mar 26, 2024 — The IRS is working with various tax preparation firms to make their Tax Cuts and Jobs Act tax forms easier to use, so that the process will be clearer (especially for people who have been confused on how to change their corporation's tax form). IRS 2553 Instructions for a File and Accept (PDF), May 21, 2024 | IRS 2553 Requirements for Form 2553 (PDF), Feb 25, 2024 | IRS Also a link to IRS page about Form 2553, where you must register your change, update your address, and then file form 2553. If you are an individual you will need to complete the IRS Form W11 and the required IRS Form W-2 before filing. What if I am already a corporation and my shareholder is deceased? — Intuit Reconnect IRS Form 2553 is used to designate a corporate “SO filing. Part I, Page 2 provides the current share ownership, but there is no IRS Form 2553: How to Change Your Business's Tax Structure.  You should receive and receive as PDF. Please email an attachment into the email, or send via PPT file to my personal email: Once you have downloaded the file, use Adobe Reader to open it. This will allow you to save a copy. A link will also be mailed to you upon file completion. You will need your original shareholder and your new corporate owner ID.
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Video instructions and help with filling out and completing Amend Form 2553
