For-Profit Corporation (S or C Corporation designation as determined by IRS) is organized with intent of making a profit and required to issue stock shares. Management and control is exercised through shareholders, directors and officers who have very little limited personal liability. Board sets policy; controls president. Officers conduct day-to-day operations.
For tax purposes this type of corporation must meet certain IRS rules depending on the tax designation.
For C Corporations, partners are being taxed on profits personally based on ownership percentages while shareholders are being taxed on dividends. S Corporation is the most complex business structure and subject to stricter government control. Earnings for C Corporation are "double-taxed" - the corporation is taxed and shareholders get dividends that may also be taxed.
To register domestic business corporation in the District, customer shall deliver articles of incorporation form DBU-1 to the Superintendent for filing either by web or by mail / walk-in.
NOTE: Walk-in Customers will be charged expedited fee for one day service in the amount of $100 in addition to regular filing fees.
Go to CorpOnline site at https://corp.dcra.dc.gov, create a profile, access the online services main page (use Internet Explorer 8, Chrome, Firefox or Safari) and proceed. Online filers must pay by credit card. Once filing is submitted, print the last confirmation page for your records.
Every domestic and foreign corporation, Limited Liability Company, Limited Liability Partnership, Limited Partnership (effective 01/12), General and Limited Cooperative Association, Business Trust (effective 01/12) is required to file two-year reports with Corporations Division to maintain good standing within the District of Columbia. Please, review the table below to determine report requirements for your entity.
First Report Due**
Subsequent Reports Due
Limited Liability Company
Limited Liability Partnership
General Cooperative Association
Limited Cooperative Association*
April 1st of the very next year from the year of registration**
April 1st every two years thereafter
*Limited Cooperative Association, Limited Partnership and Business Trust – effective 01/12.
**Foreign entities might be liable for back reports if commenced business prior to registration.