Beginning January 1, 2016, inactive nonprofit corporations, which are eligible for administrative dissolution under the recently enacted law under AB 557, can be automatically or voluntarily dissolved. There is a significant problem with non-profit corporations filing incorporation papers with the Secretary of State, and then failing to launch or continue operations and remain up to […]
Entries Tagged as 'State Exemption'
Streamlined Administrative Dissolution Process for Nonprofit Corporations
November 9th, 2015 · Comments Off on Streamlined Administrative Dissolution Process for Nonprofit Corporations · Dissolution, Inactive nonprofit corporation, State and Local Taxes, state compliance, State Exemption
Tags:Attorney General·California Secretary of State·Dissolution·Franchise Tax Board
Obtaining Recognition of Tax-Exempt Status
October 22nd, 2015 · Comments Off on Obtaining Recognition of Tax-Exempt Status · Form 1023, Process for Obtaining Recognition of Tax Exemption, State Exemption, Streamlined Application, tax exemption
Nonprofit organizations are not automatically recognized as tax-exempt. This raises all sorts of questions: What types of tax-exemption are there? Do charitable organizations, tax-exempt under IRC 501(c)(3) need to abide by certain rules or criteria? Are there different criteria for other tax-exempt organizations? How does a nonprofit apply for recognition of tax-exemption from federal income […]
Tags: