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Filing fees range from approximately $300 to $900, and legal fees range from approximately $1,000 to $4,000, depending upon the extent of the documentation. There may also be some accounting fees ($500 to $1,500) relative to the S corporation election and other accounting issues.
Subchapter S Election. An S corporation is a tax treatment status that a corporation elects by filing a formal request with the IRS. A corporation must file Form 2553, Election by a Small Business Corporation, with the IRS to obtain S corporation status. A corporation's president must sign and date the form.Alternatively, another authorized signer including a vice president, treasurer, controller or any other corporate officer may sign and date.lthough an S corporation can choose not to use the title âpresident,â it must have at least one person who occupies that role. The president has clear authority to sign documents and commit the company to contracts and financial obligations. Many corporations use the term CEO instead of president.