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There are many steps that are required, making it more difficult when compared to forming sole proprietorships and partnerships. I had to secure the proper formation documents, called the articles of incorporation. After that, I had to register those documents with the State of California Secretary’s Office and pay hundreds of dollars in filing fees. I could not have even started all this without the help of my accountant and attorney (more costs!). After the corporation was created at the state level, I then had to file the Form 2553 with the IRS and elect the S corporation status. It was a fairly long process, which took over 2 months to complete...
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Common topics in this essay:
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