Start an S-Corp in Pennsylvania with Inc Authority

As is the case with forming any type of business, you need to find a unique and relevant legal business name for your new business. You’ll also need to ensure that it follows the naming conventions of Pennsylvania state.

You’ll also need to check the state database to ensure that no other business is using your chosen name. With Inc Authority’s easy-to-use search tool, you can easily conduct a business name search to check that.

Once you have chosen a legal business name and are not ready to register your business yet, you need to reserve the name with the state authorities. You will need to pay a fee to reserve the name for the next six months.

This ensures that by the time you are ready to register your business, no one else can take your chosen name. Inc Authority can help you reserve your business name and take care of the required paperwork & process.

The next step in the process of how to start an S-Corp in Pennsylvania is to hire a reliable registered agent. It’s a business or individual who would be officially responsible for receiving all legal documents for your business.

Luckily for you, Inc Authority offers the registered agent service for free for the first year, for all its clients. Once the free service period is over, you can continue with the service at a nominal charge on an ongoing basis.

As mentioned earlier, you’ll need either an LLC or a C-Corp to be able to start an S-Corp in Pennsylvania. In either case, you need to appoint a strong management team responsible for overseeing the business.

In the case of a C-Corp, you’ll need to appoint a board of directors, clearly listing each director’s roles, responsibilities, and share. In the case of a Limited Liability Company, you’ll need to hire managers for administrative roles.

Before you start your business, you must lay down the rules on how it should be run, including things like how to make important decisions and resolve disputes. That’s where operating agreements & corporate bylaws come into play.

These documents help set the rules of governance for a business and ensure that there are no misunderstandings or conflicts among shareholders or members. Inc Authority’s paid plans include the preparation of these documents.

The next step for starting an S-Corp in Pennsylvania is to register your business with the state authorities and make it legal. For this, you’ll need to submit an application along with all the required documents to the Secretary of State office.

You can submit your application online or via mail or fax, however, online is the fastest option. Inc Authority simplifies this process by providing you with an easy online application and taking care of the paperwork for you.

Every business needs an employer identification number to operate. It is, after all, how the government and the internal revenue service identify your business for all legal and tax purposes. It’s your business’s identity.

Inc Authority helps you file for an EIN and get one as soon as possible, if you opt for its paid plans. All you’ll need to do is fill out an online application and ensure that you provide all the business documents required for the same.

The last step in the process for starting an S-Corp in Pennsylvania is, of course, to fill out Form 2553 for the S-election status. This application allows your business to be identified as an S-Corp for all tax and legal purposes.

Inc Authority will help you fill out the application and file it with the authorities to help you get the S-Corp status in a quick and stress-free manner. They’ll also ensure that your documents are in order and there are no mistakes.

Here are the features you’ll get with this plan:

• • Business name search: Check whether your selected business name is unique or if any other business is using it.
  • 1-year registered agent service: Get a reliable registered agent for your business for one year, completely free of charge.
  • Digital document storage: Store, organize, and access your documents online from your Inc Authority account.
  • Tax advisory: Get guidance from tax professionals on how to pay the least amount of taxes and get maximum tax advantages.
  • LLC or Corporation formation: Form an LLC or Corporation with ease with Inc Authority’s free business formation service.
  • S-Corp election and filing: Let the experts at Inc Authority prepare and file the S-election Form 2553 to get you the S-Corp status.
  • Business funding analysis: Get expert advice on your business’s funding needs and the best sources of funding that you can get.

Price: Free

This plan offers all the features of the free plan, along with the following:

• • LLC operating agreement/corporate bylaws: Let the experts help you prepare your operating agreement to govern how your business will operate.
  • Initial meeting minutes & resolutions: If you choose to form a C-Corporation first, Inc Authority will record the minutes of your initial meeting.
  • Ownership or stock certificates: They will help you issue ownership certificates or stock if you want to raise capital through issuing stock.
  • Employer identification number: Inc Authority will help you apply for an EIN or Tax ID and ensure that you get it as soon as possible.
  • Corporate forms and documents package: You will get free legal document templates that you can customize and use for your business.
  • Annual compliance notifications: They’ll inform you about compliance requirements and upcoming deadlines to ensure you stay compliant.
  • Detailed tax consultation: Unlike the free tax consultation included in the free plan, this will be more detailed and comprehensive.
  • Web domain + 5 business email addresses: They’ll help you obtain a domain name similar to your business name along with 5 business email addresses.

Price: Custom

The Fasttrack plan offers all the features of the Starter plan, along with the following additional services/features:

• • Dedicated customer success advisor: You will get a dedicated account manager or success advisor who’ll guide you through the entire business formation process. They’ll also help you make the most of Inc Authority’s services and get your business up and running quickly and successfully.
  • Private banking specialist: A banking expert will help you choose the best business banking account and give you multiple options to choose from. They’ll ensure that you find the right banking option and checking account that meets your business requirements perfectly.
  • Personalized business advisory services: You’ll get a dedicated business advisor who’ll help you not only start your business but guide you on how to grow it quickly. They’ll help you choose the right services and complete all important tasks required in the initial phases of starting and running a business.
  • Expedited preparation & filing: Given that this is the highest-tier plan, you’ll get expedited filing service. This means that your S-Corp formation application will go right at the top of pile and they’ll prepare and file it on the same day, ensuring that you can start your S-Corp as soon as possible.

Clearly, this plan offers personalized and dedicated services to high-priority clients who are willing to pay more for these premium services.

Price: Custom