New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

Learn More Close

Form LLC

Incorporate

Our Services

Types of Entities Start an LLC Incorporation S-Corporation Non-Profits Foreign Qualifications

Starting your Corporation DBA (Trade Name) EIN (Tax ID) Sales Tax and Reseller Permits Business Licensing Name Reservation

Managing your Business Annual Report Amendments Dissolution Reinstatement Conversion Domestication S-Corp Election

About

Answers

All Questions Making Changes to Existing Business Changing Owners / Officers

Adding partner to S Corporation

Asked by: Sebastian — 2 June, 2011

I own a S Corportaion in New York. I want to add a partner. What steps must I take to accomplish this?

Answered by: admin — 2 June, 2011

Sebastian,

With corporations in New York when you add or remove shareholders you would only need to amend your current bylaws. If its an S-Corporation you would also need to submit a new form 2553 (“S-Corporation Election“) to the IRS.

Unless your Articles of Incorporation specifically list shareholders there is no need to file Articles of Amendment with the state.

I hope this answer offers you some assistance to your needs.

Share: Facebook Twitter

Ask Incorporation Question

Please enter your full name

Please enter your email address

Please select your phone number

Please select

What are you looking for?

Please enter text message

Answers

Adding partner to S Corporation

Your payment has been declined. Possible reasons include:

Need help?

Thanks for visiting!