The month your LLC is filed counts as Month 1, regardless if you file on the 1st of the month, the last of the month, or any day of the month, really.

When does the first financial year of a newly incorporated company start?

In view of the above, the first financial year of any newly incorporated company or body corporate shall be- i) if the company is incorporated before the 1st day of January of a year- financial year shall be started from the date of incorporation and ending on 31 st day of March every year.

When is the due date for a California LLC?

For example, if your California LLC is approved in May of 2018, then May is “month 1”. And 6.5 months after that is October. And the 15th day would make that October 15th, 2018. • After that first due date, any future Estimated Fees must be paid and filed by June 15th each year.

When was the first AGM of a newly incorporated company?

Financial year and First Annual General Meeting (AGM) of newly incorporated Company. Under the Companies Act, 1956 (‘Old Act’), it was open to the Companies to determine any period as their financial year (for example- 1st April to 31st March or 01st January to 31st December).

When do you have to file Form 2553 for LLC?

Example: Your LLC (assuming the beginning of its next tax year starts January 1st, 2019) must file Form 2553 on or before March 15th, 2019. If you file within that period, then the S-Corp status takes effect in the 2019 tax year.

How to form a LLC or a corporation?

Meaning, you first need to form an LLC or a Corporation (making the appropriate filing with your state’s Secretary of State office), then elect to have that entity taxed as an S-Corporation with the IRS. I highlighted “taxed as” because that is the proper verb, not “form” an S-Corp.

Can a LLC be a limited liability company?

Limited Liability Company (LLC) | Internal Revenue Service Limited Liability Company (LLC) A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company.