When you want to create revenue streams with a service business, you may have to get creative. Some service businesses are more conducive to revenue streams than others. While you may be able to create more regular income with revenue streams, you do not want to take away from the service you provide.
In Montana all corporate annual reports are due between January 1st and April 15th of each year. All reports are due during this time frame and not influenced by or related to the date of incorporation/organization/qualification.
S corporation election. File Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2015. If Form 2553 is filed late, S treatment will begin with calendar year 2015. File a 2014 calendar year income tax return (Form 1120S) and pay any tax due.