corp kit

[TAX]

Client setup as LLC with sec of state but then elected to be scorp with IRS.

Which corp kit do I need to order?

(A) Corporation kit for LLC
(B) Corp kit for Scorp
(C) Both

Thanks!

[ChEAr$]

Hmmm. decisions, decisions:

Client setup as LLC with sec of state but then elected to be scorp with IRS.

Which corp kit do I need to order?

(A) Corporation kit for LLC
(B) Corp kit for Scorp
(C) Both

Thanks!

Always decisions.

If you're going to order one, A. above I'd say. Although why need a "kit" at all?

All the paperwork is done by the lawyer, to include the membership agreement which governs how the LLC works. Stock is not issued, although good idea to give some kind
of certificate to members evidencing ownership.

All my LLC's have no kit.
Save money.

In fact my S corporation doesn't even have a "kit". Necessary documents are in a file folder, and I don't
need any fancy "seal" to stamp documents.
the one stock certificate for my 500 shares is a common, generic one off the web.

[BOB W]

I would order a kit for the LLC. That is the official state registration. Any other elections are for tax purposes only. Within the "KIT" are all your papers and elections.

Your confusion is taken well and should there be stock certificate issued..? I don't know. But your corp kit should elect Officers for the SCorp for tax purposes.

[ChEAr$]

LLC's

I would order a kit for the LLC. That is the official state registration. Any other elections are for tax purposes only. Within the "KIT" are all your papers and elections.

Your confusion is taken well and should there be stock certificate issued..? I don't know. But your corp kit should elect Officers for the SCorp for tax purposes.

do not have officers; only members, with one designated as "managing member". He functions not as a president, but as a general manager.

No stock certificates, either. Stock is only issued by genuine corporations, not by
"look alike for tax purposes" entities.