A Subchapter S corporation (S corporation) must follow certain steps to begin business under this structure. Select the most complete answer that explains the items that this includes. Obtain an EIN, register with the state, and open business bank accounts. Register with the state, obtain an EIN, and file Form 2553. Apply for a license in the nearest city to where the business is located and create articles of incorporation. Designate the preferred stock shareholders and the common stock shareholder, open business bank accounts, and file Form 2553