S-CORP FORM | Vision Accounts LLC

S-CORP / S-CORPORATION Formation Questionnaire

This questionnaire will help gather the necessary information to form an S-Corporation. Complete all fields to ensure that Vision Accounts can prepare and file the necessary documents for your corporation.

Contact Information: Please fill in your contact information.

First name

Last name

Email

Phone

Address

Company name

Referred by:

1. Desired Corporation Name

First Choice:

Second Choice:

Third Choice:

2. Business Adress

Use Vision Accounts Address

Use your address (please provide address below)

Business Address (only if using your address)

3. Registered Agent

Do you want Vision Accounts to act as your registered agent?

YES

No (If no, provide the NAME and ADDRESS of your registered agent)

4. Directors of the Corporation

MEMBER 1 Name:

MEMBER 1 Address:

MEMBER 2 Name:

MEMBER 2 Address:

MEMBER 3 Name:

MEMBER 3 Address:

(If more than 3 members, please add them here)

5. Officers of the Corporation:

PRESIDENT:

SECRETARY

TREASURER

OTHER OFFICERS (OPTIONAL)

6. Shareholders and Ownership

List the shareholders and their ownership percentages:

Shareholder 1:

Name:

Ownership Percentage:

Shareholder 2:

Name:

Ownership Percentage:

Shareholder 3:

Name:

Ownership Percentage:

other Ownerships (if needed)

7. Number of Shares Authorized

Number of shares the corporation is authorized to issue:

8. Business Purpose

Briefly describe the primary purpose of your business:

9. Fiscal Year

A calendar year fiscal year for the LLC is standard and will often be required by the IRS. Please select the desired fiscal year for the LLC (check only one):

Calendar year (recommended)

Other (Fill in the fiscal year start date)

10. Duration of the Corporation

Please select the desired duration of the Corporation (check only one option):

Perpetual existence (default treatment)

Specified termination date (fill in termination date)

11. Tax Election for S-Corporation

Do you wish to elect S-Corporation tax status?

Yes

No

S-Corp Taxation Overview

• Pass-Through Taxation: S-Corps don’t pay federal taxes. Instead, income and losses pass to shareholders’ personal tax returns, avoiding double taxation.

• Self-Employment Taxes: Shareholders working for the S-Corp take a salary taxed normally, while profits paid as dividends avoid self-employment taxes.

S-Corps reduce taxes by avoiding double taxation and cutting self-employment taxes, while following IRS salary guidelines.

12. Additional Services

Do you require additional services (e.g., bookkeeping, tax preparation, etc.)?

Yes

No

If Yes

13. Official Address

Do you need to use Vision Accounts’ address as your official business address?

Yes

No

If yes, do you also require mail handling services?

Yes

No

In short, an S-Corp allows business owners to benefit from pass-through taxation, potentially saving on self-employment taxes while avoiding the double taxation faced by C-Corps. However, shareholders must still meet IRS guidelines for salaries, and the business must comply with eligibility requirements to maintain its S-Corp status.

S-Corporation Formation Questionnaire