Formations

Yes. Nonprofit organizations are one of the entity types we form. Portside also assists with IRS Form 1023 for 501(c)(3) status and prepares 990-series returns afterward.

Yes. Formation is available in every state, and we register your entity in the state of your choosing.

Yes. Our formation service includes an entity type analysis, and we handle formation with tax strategy in mind because Portside also prepares your entity's tax returns. An S-corp election is available as an optional part of formation.

By default, all Corporations (regardless of which state they were formed in) are known as “C-Corporations“. So, if you have not specifically filed a form to elect to become an S-Corporation, then your company is still a C-Corporation. By submitting a Form 2553 the IRS and adopting the appropriate corporate resolution, you can become an S-Corporation. If you utilize my S-Corporation Election service, we can prepare the resolution and the form for you and send it to the IRS (they only take submissions via mail or fax at this time). The IRS then confirms via mail within a few months.

‍Note that some states like California and New Jersey also require their own state version of the S-Corporation Election.

Yes, there are many reasons a company would form an LLC or corporation in a state outside where they conduct business. Some of those reasons are related to taxation and ownership transparency. Your LLC or corporation would have to be Foreign Qualified in the state of formation, and we can do that for you.