How to Form a Nonprofit Corporation in California by Mancuso, Anthony -- Read -- Imperial Library of Trantor

Index

Cover Title Copyright Acknowledgments About the Author Table of Contents Your Legal Companion for Forming a Nonprofit Corporation in California 1 Is Nonprofit Incorporation Right for You?

Is Your Group a Nonprofit That Can Use This Book? Benefits of the Nonprofit Corporation The Disadvantages of Going Nonprofit How Nonprofits Raise, Spend, and Make Money Your Path to Nonprofit Status Incorporating in Another State—Don’t Fall for It

2 Legal Rights and Duties of Incorporators, Directors, Officers, Employees, and Members

Incorporators and Their Role as Promoters Directors Officers Employees Membership Nonprofits

3 Requirements for Section 501(c)(3) Tax Exemption

Section 501(c)(3) Organizational Test Valid Purposes Under Section 501(c)(3) Other Requirements for 501(c)(3) Groups Information for Specific Questions About Your Group’s Activities

4 Public Charities and Private Foundations

The Importance of Public Charity Status How to Qualify for Public Charity Status Private Foundations

5 Other Tax Benefits and Requirements

Federal and State Tax Deductions for Contributions Federal Estate and Gift Tax Exemptions Federal Unrelated Business Income Tax California Unrelated Business Income Tax California Nonprofit Tax Exemption California Attorney General Reporting Requirements California Welfare Exemption Other California Tax Exemptions State Solicitation Laws and Requirements

6 Choose a Name and File Your Articles of Incorporation

Choose a Corporate Name Practical Suggestions for Selecting a Name Check Name Availability Reserve Your Corporate Name Perform Your Own Name Search Prepare Articles of Incorporation File Your Articles Appoint Initial Corporate Directors

7 Bylaws

8 Apply for Your Federal 501(c)(3) Tax Exemption

Getting Started Ways to Complete the Tax Exemption Application Preliminary Reading Adding Attachment Pages Public Inspection Rights Do You Need to File Form 1023? Prepare Your Tax Exemption Application Filling Out the Schedules Assemble and Mail Your Application to the IRS What to Expect From the IRS The Federal Determination Letter

9 Final Steps in Organizing Your Nonprofit

Obtain Your State Tax Exemption Set Up a Corporate Records Book Prepare Offer to Transfer Assets From an Existing Business or Organization to Your Nonprofit Prepare Minutes of Your First Board of Directors’ Meeting Complying With the Bulk Sales Law Prepare a Bill of Sale for Assets Prepare Assignments of Leases and Deeds File Final Papers for the Prior Organization Notify Others of Your Incorporation Apply for a Mailing Permit Apply for Your Property Tax Exemption File a Domestic Corporation Statement File an Initial Report With the Attorney General Issue Membership Certificates File Your Articles With the County Recorder Register With the Fair Political Practices Commission

10 After Your Corporation Is Organized

Piercing the Corporate Veil—If You Want to Be Treated Like a Corporation, It’s Best to Act Like One Federal Corporate Tax Returns California Corporate Tax Returns and Reports Federal and State Corporate Employment Taxes Sales Tax Forms and Exemption From Sales Tax Licenses and Permits Workers’ Compensation Private Insurance Coverage Dissolving a Nonprofit Corporation

11 Lawyers, Legal Research, and Accountants

Lawyers Legal Research Accountants and Tax Advice

Appendixes

A Using the Downloadable Forms and Other Online Material

Editing RTFs List of Corporate, IRS, and other Forms and Publications on the Nolo website

B Forms

Index