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Started a new business and filed the s corp election right after I incorporated the business. Do i have to wait until i get the approval for s corp status from the IRS before actually starting and running the business?
I just started a business and incorporated it. I filled out form 2553 for s corp election. Do I have to wait to operate my business until I get s corp approval or can I go ahead and operate now?
‎January 17, 2020
6:05 AM