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(128th General Assembly) (Substitute Senate Bill Number 155)AN ACT To amend sections 117.13, 1515.14, 3306.052, 3734.901, 4141.301, 4582.06, 4582.48, and 5747.08 of the Revised Code and to amend Sections
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What is sub s b no?
Sub S B No refers to the Subchapter S Corporation Election form, which allows a corporation to be taxed under Subchapter S of the Internal Revenue Code.
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Corporations that wish to be taxed as S Corporations, instead of C Corporations, must file the Sub S B No form.
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To fill out the Sub S B No, businesses need to complete the form with their basic information, such as the corporation name, address, tax identification number, and the names of shareholders, and submit it to the IRS.
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The purpose of the Sub S B No is to elect S Corporation status for the company, allowing profit and loss to be passed through to shareholders for tax purposes.
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The information required on the Sub S B No includes the corporation's name, address, EIN, shareholders' names, and the consent of all shareholders.
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