A. File Artcles of incorporation for Hawaii Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Hawaii Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Hawaii. Click here for a free quote on our Hawaii business incorporation services.
B. S Corporation Filings for Your New Hawaii Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Hawaii, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Hawaii to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Hawaii S-Corporation Election form
Hawaii does not require s-corporations to file a seperate s-corporation election form with the state.
C. Get Your Hawaii Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Hawaii.
1. Filing the Basic Business Application, Form BB-1
All Hawaii entities must file Form BB-1 as it registers your business for various state tax and employer licenses and permits, including general excise tax (GET), withholding tax (WH), and unemployment insurance tax (UI).
Every company must have at least a GET Identification Number (the state equivalent to the Federal ID Number).
In addition, every company with employees in Hawaii must register for WH tax and apply for UI coverage.
Once you have your Federal ID Number, you will file Form BB-1.
2. Filing your Annual Report
Surely, the list above is not everything you will need to do once you incorporate a business in Hawaii. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Hawaii, we’d love to help.
