Internal Revenue Code - Subchapter S: Federal tax regulations (Sections 1361-1379) governing S Corporation taxation, including eligibility requirements, income allocation, and distribution rules
IRC Section 7701: Entity classification rules determining how different business entities are treated for federal tax purposes
State LLC Act: State-specific legislation governing the formation, operation, and dissolution of Limited Liability Companies
S Corporation Shareholder Restrictions: Federal requirements limiting S Corps to 100 shareholders, who must be US citizens/residents, and maintaining only one class of stock
Securities Act of 1933: Federal law governing the issuance and sale of company securities, including membership interests
Securities Exchange Act of 1934: Federal law regulating secondary trading of securities and establishing reporting requirements
State Blue Sky Laws: State-specific securities regulations governing the offer and sale of company interests within the state
Fair Labor Standards Act: Federal employment law establishing standards for wages, overtime, and working conditions
IRS Form 2553 Requirements: Federal requirements for electing and maintaining S Corporation tax status
Corporate Governance Requirements: State-specific rules for corporate meetings, record-keeping, and fiduciary duties of officers and directors
Reasonable Compensation Rules: IRS requirements for S Corporation owner-employee compensation to prevent tax avoidance
Pass-Through Taxation Rules: Federal and state regulations governing how S Corporation income and losses pass through to shareholders
