Your journey from introduction to the annual filing of Business and Individual Tax Returns involves many valuable stages. Collective helps you manage each stage along this journey. This is a general guide and subject to change.

Onboarding

Getting to Know Eachother

Creating/Verifying your S Corp

Financial Statement and Payroll Advising

Ongoing

Year after Year

Onboarding

Getting To Know Each Other

What is an S Corp

Introduction Call

First Payment

Kickoff Call

Next Steps After Kickoff Call

Name and Address

Reasonable Compensation

Entity Services

Whether you come to us as Sole Proprietor, an LLC without an S Corp, or an LLC with an S Corp, these are the steps we handle, or verify you've done correctly.

Prior Year Tax Return State and IRS (Personal 1040)

Prior Year Tax Return State and IRS (Business 1120s) - if applicable

LLC Entity Registration with State (Articles of Organization)

Operating Agreement

EIN and Name Registration with IRS (Form CP 575)

S Corp Election Request with IRS (Form 2553)

S Corp Election Confirmation with IRS (Form CP 261)

Business License

W-9

Open Business Checking Account

Initial Capital Stock Contribution

LLC Employer Registration with State