In order to claim the Subchapter S filing (to become an S-Corporation), the owners of a new company must file for such an ‘election’ shortly after their corporation is formed. To simplify matters, encorporator.com will prepare the necessary documentation and send to you what needs to be signed. As soon as we receive the documents back, we will file for the ‘S election’. Note that if you do not proceed with such filing immediately after the corporation is formed, then for the first fiscal tax year you will be taxed as a C-Corporation.