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	<title>IncFile &#187; S Corporation FAQ</title>
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	<link>http://www.incfile.com/knowledgebase</link>
	<description>File an LLC, Form an LLC, Register an LLC, Start an LLC</description>
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		<title>What is the Customized Corporate/LLC Kit?</title>
		<link>http://www.incfile.com/knowledgebase/2008/04/what-is-the-customized-corporatellc-kit-3/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/04/what-is-the-customized-corporatellc-kit-3/#comments</comments>
		<pubDate>Sat, 05 Apr 2008 03:20:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/2008/04/04/what-is-the-customized-corporatellc-kit-3/</guid>
		<description><![CDATA[The Corporate/LLC Kit is a professional binder enclosed in a matching slip case, customized with the name of your company on the spine insert. It comes with a metal die-cast corporate embossing seal with its own carrying pouch, customized with the name of your company and the date and state of formation. It has a [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-a-corporate-seal/' rel='bookmark' title='Permanent Link: What is a Corporate Seal?'>What is a Corporate Seal?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/' rel='bookmark' title='Permanent Link: Am I Required to Hold Corporate Meetings?'>Am I Required to Hold Corporate Meetings?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/' rel='bookmark' title='Permanent Link: What is a Registered Agent and do I Need One?'>What is a Registered Agent and do I Need One?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/04/what-is-the-customized-corporatellc-kit-3/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is a Corporate Seal?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-a-corporate-seal/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-a-corporate-seal/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 01:29:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=89</guid>
		<description><![CDATA[A Corporate Seal is a customized embossing stamp that contains the name, date and state of formation of your company. In some jurisdictions a corporate seal can be required to open a company bank account. It is typically used on company documents to mark them as official. The Corporate seal is included in the Corporate/LLC [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/04/what-is-the-customized-corporatellc-kit-3/' rel='bookmark' title='Permanent Link: What is the Customized Corporate/LLC Kit?'>What is the Customized Corporate/LLC Kit?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/' rel='bookmark' title='Permanent Link: Am I Required to Hold Corporate Meetings?'>Am I Required to Hold Corporate Meetings?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-the-ss4eintax-id-number/' rel='bookmark' title='Permanent Link: What is the SS4/EIN/Tax ID Number?'>What is the SS4/EIN/Tax ID Number?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/what-is-a-corporate-seal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is a Publication Requirement?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-a-publication-requirement/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-a-publication-requirement/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 01:28:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=88</guid>
		<description><![CDATA[A Publication Requirement is a compliance mandate that requires the creation and ownership of an LLC to publish an announcement in local newspapers upon being filed. Upon completion of this requirement an affidavit is typically filed with the state to inform them that the publication requirement has been satisfied. Currently the states which require thus [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/' rel='bookmark' title='Permanent Link: What is a Registered Agent and do I Need One?'>What is a Registered Agent and do I Need One?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/are-non-us-residents-allowed-to-own-a-corporation-or-llc/' rel='bookmark' title='Permanent Link: Are Non-U.S. Residents Allowed to Own a Corporation or LLC?'>Are Non-U.S. Residents Allowed to Own a Corporation or LLC?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/does-forming-a-corporation-or-an-llc-limited-liability-company-require-an-attorney/' rel='bookmark' title='Permanent Link: Does Forming an LLC (Limited Liability Company) or Corporation Require an Attorney?'>Does Forming an LLC (Limited Liability Company) or Corporation Require an Attorney?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/what-is-a-publication-requirement/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In What State Should I Form my LLC or Corporation?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/in-what-state-should-i-form-my-corporation-or-llc/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/in-what-state-should-i-form-my-corporation-or-llc/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 01:27:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=86</guid>
		<description><![CDATA[Unless you plan on having a large, multi-state operation, it is generally best to form your company in the state in which it is located.
Generally speaking, most states will expect you to be registered with them if there is substantial ongoing business and/or a physical presence in that state. If you do form your company [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/02/where-should-i-form-my-nonprofit-corporation/' rel='bookmark' title='Permanent Link: Where Should I Form my Nonprofit Corporation?'>Where Should I Form my Nonprofit Corporation?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2009/06/is-forming-an-llc-or-corporation-in-nevada-or-delaware-the-right-choice-for-my-business/' rel='bookmark' title='Permanent Link: Is forming an LLC or corporation in Nevada or Delaware the right choice for my business?'>Is forming an LLC or corporation in Nevada or Delaware the right choice for my business?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/' rel='bookmark' title='Permanent Link: What is a Registered Agent and do I Need One?'>What is a Registered Agent and do I Need One?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/in-what-state-should-i-form-my-corporation-or-llc/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Does Forming an LLC (Limited Liability Company) or Corporation Require an Attorney?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/does-forming-a-corporation-or-an-llc-limited-liability-company-require-an-attorney/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/does-forming-a-corporation-or-an-llc-limited-liability-company-require-an-attorney/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 01:26:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=85</guid>
		<description><![CDATA[No, it does not. An attorney is not a legal requirement to form a Limited Liability Company. While we always recommend consulting the appropriate legal and accounting specialists, we can take care of the filings for you and save you the attorney fees.


Related posts:What is an LLC (Limited Liability Company)?
What is the Difference Between an [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-the-difference-between-a-limited-liability-company-and-a-limited-partnership/' rel='bookmark' title='Permanent Link: What is the Difference Between an LLC and a Limited Partnership?'>What is the Difference Between an LLC and a Limited Partnership?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2010/04/forming-a-company-helps-business-owners-problem-solve-for-success-2/' rel='bookmark' title='Permanent Link: Forming a company helps business owners problem-solve for success'>Forming a company helps business owners problem-solve for success</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/does-forming-a-corporation-or-an-llc-limited-liability-company-require-an-attorney/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is a Registered Agent and do I Need One?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 01:20:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=80</guid>
		<description><![CDATA[Almost every state requires a corporation or an LLC to have a Registered Agent (sometimes called a resident agent, statutory agent, or agent for service of process). The Registered Agent address is the address that will be used by the state for any official legal and tax correspondence. The Registered Agent address must be a [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-the-cancellation-policy-of-incfile/' rel='bookmark' title='Permanent Link: What is the Cancellation Policy of IncFile?'>What is the Cancellation Policy of IncFile?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/in-what-state-should-i-form-my-corporation-or-llc/' rel='bookmark' title='Permanent Link: In What State Should I Form my LLC or Corporation?'>In What State Should I Form my LLC or Corporation?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/what-is-a-registered-agent-and-do-i-need-one/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are Non-U.S. Residents Allowed to Own a Corporation or LLC?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/are-non-us-residents-allowed-to-own-a-corporation-or-llc/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/are-non-us-residents-allowed-to-own-a-corporation-or-llc/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:46:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[General FAQ]]></category>
		<category><![CDATA[LLC FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=72</guid>
		<description><![CDATA[There are no citizenship or residence requirements for ownership of a C Corporation or an LLC. The S Corporation however does not allow nonresident aliens to be shareholders (owner), but any US citizen or resident alien may be a shareholder (owner). You would, of course, require an in state street address for the state to [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/does-forming-a-corporation-or-an-llc-limited-liability-company-require-an-attorney/' rel='bookmark' title='Permanent Link: Does Forming an LLC (Limited Liability Company) or Corporation Require an Attorney?'>Does Forming an LLC (Limited Liability Company) or Corporation Require an Attorney?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/c-corporation-vs-s-corporation/' rel='bookmark' title='Permanent Link: C-Corporation vs. S-Corporation'>C-Corporation vs. S-Corporation</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Who Will Typically Elect the S Corporation Status?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/who-will-typically-elect-the-s-corporation-status/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/who-will-typically-elect-the-s-corporation-status/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:45:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=71</guid>
		<description><![CDATA[Typically entrepreneurs will select the S-Corporation as the entity of choice for the following reasons:

The S-Corporation combines the advantages of the sole proprietorship, the partnership, the LLC and the corporation into one entity.
Unlike sole proprietors and the partners in a partnership the shareholders of the S-Corporation are granted the same level of limited liability and [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/what-is-a-limited-liability-company-llc/' rel='bookmark' title='Permanent Link: What is an LLC (Limited Liability Company)?'>What is an LLC (Limited Liability Company)?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/llc-vs-c-corporation/' rel='bookmark' title='Permanent Link: LLC vs. C Corporation'>LLC vs. C Corporation</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/who-will-typically-elect-the-s-corporation-status/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the &#8220;S Corporation Deadline?&#8221;</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-the-s-corporation-deadline/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-the-s-corporation-deadline/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:44:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=70</guid>
		<description><![CDATA[In order to elect S-Corporation status for an already existing C-Corporation for the current tax year, the corporation must file the IRS Form 2553 by March 15. If the corporation is filed on or after January 1 of the current tax year, then the S-Corporation election can be submitted anytime within the tax year as [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/' rel='bookmark' title='Permanent Link: Am I Required to Hold Corporate Meetings?'>Am I Required to Hold Corporate Meetings?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/llc-vs-s-corporation/' rel='bookmark' title='Permanent Link: LLC vs. S Corporation'>LLC vs. S Corporation</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/what-is-the-s-corporation-deadline/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How is an S Corporation Taxed?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/how-is-an-s-corporation-taxed/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/how-is-an-s-corporation-taxed/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:36:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=69</guid>
		<description><![CDATA[For purposes of federal taxation, an S Corporation is taxed differently than a C Corporation. Typically, the S Corporation files its annual return using the Form 1120S, as opposed to the 1120 for a C Corporation. The 1120S is an informational return; it simply informs the federal tax authorities the amount of net profit/loss made [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/c-corporation-vs-s-corporation/' rel='bookmark' title='Permanent Link: C-Corporation vs. S-Corporation'>C-Corporation vs. S-Corporation</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.incfile.com/knowledgebase/2008/02/how-is-an-s-corporation-taxed/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What are the Differences Between Officers, Directors and Shareholders?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-are-the-differences-between-officers-directors-and-shareholders/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-are-the-differences-between-officers-directors-and-shareholders/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:20:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=57</guid>
		<description><![CDATA[A corporation consists of all three: officers, directors and shareholders. Shareholders are the owners of the corporation and elect the directors. Directors guide and are involved in the fundamental decisions of the corporation on behalf of the shareholders. Officers are selected by the directors and run the day-to-day operations of the corporation. These do not [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/how-many-directors-or-officers-are-nonprofit-corporations-required-to-have/' rel='bookmark' title='Permanent Link: How many Directors or Officers are Nonprofit Corporations required to have?'>How many Directors or Officers are Nonprofit Corporations required to have?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/may-a-nonprofit-corporation-pay-compensation-to-its-officers-directors-andor-employees/' rel='bookmark' title='Permanent Link: May a Nonprofit Corporation Pay Compensation to its Officers, Directors and/or Employees?'>May a Nonprofit Corporation Pay Compensation to its Officers, Directors and/or Employees?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the Form 2553?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-the-form-2553/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-the-form-2553/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:19:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=58</guid>
		<description><![CDATA[The 2553 Form, known as the sub chapter S election, is required to be filed with the IRS to get S-Corporation status for purposes of federal taxation. Filing this Form with the IRS is used to convert a C-Corporation into an S-Corporation.


Related posts:What is an S Corporation?
What is the &#8220;S Corporation Deadline?&#8221;
The Advantages of Forming [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/what-is-the-s-corporation-deadline/' rel='bookmark' title='Permanent Link: What is the &#8220;S Corporation Deadline?&#8221;'>What is the &#8220;S Corporation Deadline?&#8221;</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
</ol>]]></description>
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		<title>What is Stock Par Value?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-is-stock-par-value/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-is-stock-par-value/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:17:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=56</guid>
		<description><![CDATA[Par value is a nominal dollar amount given to corporate shares. It doesn’t necessarily reflect their real value, and is typically set at a low value (i.e. one dollar or one cent). The par value of a share is the minimum price at which it may be sold to shareholders, and the par value must [...]


Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/02/how-many-shares-of-stock-will-my-corporation-need/' rel='bookmark' title='Permanent Link: How Many Shares of Stock will my Corporation Need?'>How Many Shares of Stock will my Corporation Need?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/are-non-us-residents-allowed-to-own-a-corporation-or-llc/' rel='bookmark' title='Permanent Link: Are Non-U.S. Residents Allowed to Own a Corporation or LLC?'>Are Non-U.S. Residents Allowed to Own a Corporation or LLC?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/' rel='bookmark' title='Permanent Link: Am I Required to Hold Corporate Meetings?'>Am I Required to Hold Corporate Meetings?</a></li>
</ol>]]></description>
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		<title>What are Bylaws?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/what-are-bylaws/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/what-are-bylaws/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:17:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=55</guid>
		<description><![CDATA[The bylaws of a corporation are an internal document that contains rules for holding corporate meetings and carrying out other formalities according to state corporate laws. Bylaws are not filed with the state.


Related posts:Am I Required to Hold Corporate Meetings?
LLC and Corporation Ongoing Compliance Requirements
What is the Customized Corporate/LLC Kit?



Related posts:<ol><li><a href='http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/' rel='bookmark' title='Permanent Link: Am I Required to Hold Corporate Meetings?'>Am I Required to Hold Corporate Meetings?</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/04/corporation-and-llc-ongoing-requirements/' rel='bookmark' title='Permanent Link: LLC and Corporation Ongoing Compliance Requirements'>LLC and Corporation Ongoing Compliance Requirements</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2008/04/what-is-the-customized-corporatellc-kit-3/' rel='bookmark' title='Permanent Link: What is the Customized Corporate/LLC Kit?'>What is the Customized Corporate/LLC Kit?</a></li>
</ol>]]></description>
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		</item>
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		<title>How Many Shares of Stock will my Corporation Need?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/how-many-shares-of-stock-will-my-corporation-need/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/how-many-shares-of-stock-will-my-corporation-need/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:15:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=54</guid>
		<description><![CDATA[The number of initial shares your corporation is authorized to distribute is specified in the Articles of Incorporation. The actual number is more or less arbitrary, at your discretion. IncFile uses a default number of 1500 shares (this is due to the fact that 1500 is easily divisible by 2, 3, 4, 5, 6), with [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Am I Required to Hold Corporate Meetings?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/am-i-required-to-hold-corporate-meetings/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 00:14:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=53</guid>
		<description><![CDATA[Once you receive the filed Articles of Incorporation, which signifies the formation of the corporation by your state, your corporation will need to hold an organizational meeting of the initial shareholders and directors. At this meeting the directors will typically adopt corporate bylaws, distribute corporation stock to initial shareholders, and appoint corporate officers. Also, in [...]


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</ol>]]></description>
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		<title>How is a Corporation Managed?</title>
		<link>http://www.incfile.com/knowledgebase/2008/02/how-is-a-corporation-managed/</link>
		<comments>http://www.incfile.com/knowledgebase/2008/02/how-is-a-corporation-managed/#comments</comments>
		<pubDate>Mon, 04 Feb 2008 23:59:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[Nonprofit Corp FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

		<guid isPermaLink="false">http://www.incfile.com/knowledgebase/?p=51</guid>
		<description><![CDATA[A Corporation is managed and run by its directors and officers. The directors are appointed by the shareholders and are responsible for the overall management and corporate governance of the corporation. The directors appoint the officers who are responsible for the day to management and operations of the corporation. The typical officer positions are president, [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/02/forming-a-nonprofit-corporation/' rel='bookmark' title='Permanent Link: Forming a Nonprofit Corporation'>Forming a Nonprofit Corporation</a></li>
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</ol>]]></description>
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		<title>What are the Disadvantages of an S Corporation?</title>
		<link>http://www.incfile.com/knowledgebase/2007/10/what-are-the-disadvantages-of-an-s-corporation/</link>
		<comments>http://www.incfile.com/knowledgebase/2007/10/what-are-the-disadvantages-of-an-s-corporation/#comments</comments>
		<pubDate>Mon, 15 Oct 2007 18:52:06 +0000</pubDate>
		<dc:creator>incfile</dc:creator>
				<category><![CDATA[S Corporation FAQ]]></category>

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		<description><![CDATA[More extensive record keeping requirements
Corporations typically require more ongoing paperwork than most other business entities in order to stay compliant with the law and maintain their corporate status. This includes holding and documenting annual meetings of shareholders and directors and keeping minutes of important corporate meetings.
Additional Restrictions:

S Corporations cannot have more than 100 individual (not [...]


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</ol>]]></description>
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		</item>
		<item>
		<title>What are the Advantages of an S Corporation?</title>
		<link>http://www.incfile.com/knowledgebase/2007/10/what-are-the-advantages-of-an-s-corporation/</link>
		<comments>http://www.incfile.com/knowledgebase/2007/10/what-are-the-advantages-of-an-s-corporation/#comments</comments>
		<pubDate>Mon, 15 Oct 2007 18:51:39 +0000</pubDate>
		<dc:creator>incfile</dc:creator>
				<category><![CDATA[S Corporation FAQ]]></category>

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		<description><![CDATA[Limited Personal Liability
This limits the liability of the owners/investors to only the amount of their investment. The owners of a corporation are not personally liable for business debts, claims, or other liabilities.

 Perpetual Existence

The existence of a corporation is considered perpetual, although it can be terminated voluntarily by its owners (shareholders).

   Better fringe [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
<li><a href='http://www.incfile.com/knowledgebase/2007/10/what-is-an-s-corporation/' rel='bookmark' title='Permanent Link: What is an S Corporation?'>What is an S Corporation?</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>What is an S Corporation?</title>
		<link>http://www.incfile.com/knowledgebase/2007/10/what-is-an-s-corporation/</link>
		<comments>http://www.incfile.com/knowledgebase/2007/10/what-is-an-s-corporation/#comments</comments>
		<pubDate>Mon, 15 Oct 2007 18:51:25 +0000</pubDate>
		<dc:creator>incfile</dc:creator>
				<category><![CDATA[C Corporation FAQ]]></category>
		<category><![CDATA[S Corporation FAQ]]></category>

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		<description><![CDATA[An S Corporation is a special form of corporation (Note: The “S” in S Corporation refers to sub chapter S of the tax code). S Corporations are based on C Corporations but they are not treated as a separate tax entity as C Corporations are. Instead, the income of an S Corporation is “passed through” [...]


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<li><a href='http://www.incfile.com/knowledgebase/2008/04/the-advantages-of-forming-an-s-corporation/' rel='bookmark' title='Permanent Link: The Advantages of Forming an S Corporation'>The Advantages of Forming an S Corporation</a></li>
</ol>]]></description>
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