How to Form a Nonprofit Corporation in California

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Author: Anthony Mancuso

ISBN-10: 1413310273

ISBN-13: 9781413310276

Category: Charities & Nonprofit Organizations - Law

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The forms and information you need you need to give back to the community!Thousands of arts groups, educators, social-service agencies and others have used How to Form a Nonprofit Corporation in California to organize. It's so easy to use, anyone can do it!With a nonprofit corporation, you gain recognition, save money, become eligible for grants, and protect your members and directors from liability. And you can do all this without an attorney.The 14th edition is completely updated to provide the latest rules and forms, which are included as tear-outs and on CD-ROM. Entrepreneur A useful resource to help you get underway.

IntroductionChapter 1Is Nonprofit Incorporation Right for You?A.Is Your Group a Nonprofit That Can Use This Book?2B.Benefits of the Nonprofit Corporation5C.The Disadvantages of Going Nonprofit10D.How Nonprofits Raise, Spend, and Make Money13E.Your Path to Nonprofit Status15F.Incorporating in Another State--Don't Fall for it16Chapter 2Legal Rights and Duties of Incorporators, Directors, Officers, Employees, and MembersA.Incorporators and Their Role as Promoters4B.Directors5C.Officers20D.Employees22E.Membership Nonprofits23Chapter 3Requirements for Section 501(c)(3) Tax ExemptionA.Section 501(C)(3) Organizational Test2B.Valid Purposes Under Section 501(C)(3)3C.Other Requirements for 501(C)(3) Groups10D.Information for Specific Questions About Your Group's Activities18Chapter 4Public Charities and Private FoundationsA.The Importance of Public Charity Status2B.How to Qualify for Public Charity Status3C.Private Foundations18Chapter 5Other Benefits and RequirementsA.Federal and State Tax Deductions for Contributions2B.Federal Estate and Gift Tax Exemptions4C.Federal Unrelated Business Income Tax5D.California Unrelated Business Income Tax6E.California Nonprofit Tax Exemption7F.California Attorney General Reporting Requirements8G.California Welfare Exemption8H.Other California Tax Exemptions16I.State Solicitation Laws and Requirements17Chapter 6Choose a Name and File Your Articles of IncorporationA.Choose a Corporate Name3B.Practical Suggestions for Selecting a Name6C.Check Name Availability9D.Reserve Your Corporate Name11E.Perform Your Own Name Search12F.Prepare Articles of Incorporation16G.File Your Articles29Chapter 7BylawsA.Choose a Membership or Nonmembership Structure2B.Bylaws for a Public Benefit Nonprofit Corporation3C.Membership Bylaw Provisions for a Public Benefit Corporation13D.Bylaws for a Religious Corporation20E.Membership Bylaw Provisions for a Religious Corporation30Chapter 8Prepare Your State Tax ExemptionA.The State Tax Exemption Application: Form FTB 35002B.Instructions for Completing Form 35005C.Sign and Mail Your Exemption Application18Chapter 9Apply for Your Federal 501(c)(3) Tax ExemptionA.Getting Started2B.Do You Need to File Form 1023?7C.Prepare Your Tax Exemption Application7D.Form 872-C34E.User Fee Form 871834F.Sign and Mail Your Application to the Irs35G.What to Expect from the Irs36H.The Federal Determination Letter36Chapter 10Final Steps in Organizing Your NonprofitA.Mail Irs Letter to Franchise Tax Board2B.Set Up a Corporate Records Book2C.Prepare Offer to Transfer Assets from an Existing Business or Organization to Your Nonprofit4D.Prepare Minutes of Your First Board of Directors' Meeting9E.Complying with Bulk Sales Law17F.Prepare a Bill of Sale for Assets18G.Prepare Assignments of Leases and Deeds21H.File Final Papers for the Prior Organization22I.Notify Others of Your Incorporation22J.Apply for a Federal Nonprofit Mailing Permit22K.Apply for Your Property Tax Exemption23L.File a Domestic Corporation Statement25M.File an Initial Report with the Attorney General25N.Issue Membership Certificates26O.File Your Articles with the County Recorder27P.Register with the Fair Political Practices Commission27Chapter 11After Your Corporation Is OrganizedA.Piercing the Corporate Veil--if You Want to Be Treated Like a Corporation, It's Best to Act Like One2B.Federal Corporate Tax Returns3C.California Corporate Tax Returns and Reports6D.Federal and State Corporate Employment Taxes8E.Sales Tax Forms and Exemption from Sales Tax12F.Licenses and Permits13G.Workers' Compensation14H.Private Insurance Coverage14I.Dissolving a Nonprofit Corporation15Chapter 12Lawyers, Legal Research, and AccountantsA.Lawyers2B.Legal Research3C.Accountants and Tax Advice4Appendix 1How to Use the CD-ROMAppendix 2Forms and Publications on CD-ROMAppendix 3Information and Tear-Out FormsIndex