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Ca Llc 12r Form

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Instructions and help about Ca Llc 12r Form

small businesses in california may benefit if they start an s corp although s corporations are a great business entity with some distinct advantages there are things worth considering first to be recognized as an s-corp a business must start as a corporation and then follow the proper procedures with the state and the irs california has their own unique requirements you'll need to know before to get started an s-corp is a corporation that is taxed as a pass-through entity a corporation can elect to become an s-corp to operate as a pass-through entity this means that credits deductions income and losses flow from the s-corp to its shareholders for your corporation to become an s corporation it must be a domestic corporation have no more than 100 shareholders have only allowable shareholders have only one class of stock not be an ineligible corporation like certain financial institutions insurance companies and domestic international sales corporations allowable shareholders may

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