QUESTION
How to form a NYS qualified sub-chapter S subsidiary
Asked on May 05th, 2013 on Business Law - New York
More details to this question:
I would like to form a corporation in NYS using the internet service. I want this corporation to be a subsidiary of my main corporation. I don't see how to attribute the ownership of the new corporation to my main corporation. How would I do this? Then I would like to elect the corporation as a QSSS.
1 ANSWER
Michael Stolzar
The parent corporation has to be a sub s corporation and the subsidiary must be 100% owned by the parent and file any sub s required papers with its first single or consolidated filing with IRS or even before then. I suggest you check with your tax accountant for more specific guidance.
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Answered on May 06th, 2013 at 3:25 PM