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How to Form a Nonprofit Corporation in California » (CD-ROM Included)

Book cover image of How to Form a Nonprofit Corporation in California by Anthony Mancuso

Authors: Anthony Mancuso
ISBN-13: 9781413310276, ISBN-10: 1413310273
Format: Other Format
Publisher: NOLO
Date Published: June 2009
Edition: CD-ROM Included

Author Biography: Anthony Mancuso

Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation?. He wrote and programmed Nolo's LLC Maker and Incorporator Pro software programs, which generate state-by-state articles and other forms for organizing corporations and LLCs. His books and software have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.

Book Synopsis

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.

	Introduction
Chapter 1	Is Nonprofit Incorporation Right for You?
A.	Is Your Group a Nonprofit That Can Use This Book?	2
B.	Benefits of the Nonprofit Corporation	5
C.	The Disadvantages of Going Nonprofit	10
D.	How Nonprofits Raise, Spend, and Make Money	13
E.	Your Path to Nonprofit Status	15
F.	Incorporating in Another State--Don't Fall for it	16
Chapter 2	Legal Rights and Duties of Incorporators, Directors, Officers, Employees, and Members
A.	Incorporators and Their Role as Promoters	4
B.	Directors	5
C.	Officers	20
D.	Employees	22
E.	Membership Nonprofits	23
Chapter 3	Requirements for Section 501(c)(3) Tax Exemption
A.	Section 501(C)(3) Organizational Test	2
B.	Valid Purposes Under Section 501(C)(3)	3
C.	Other Requirements for 501(C)(3) Groups	10
D.	Information for Specific Questions About Your Group's Activities	18
Chapter 4	Public Charities and Private Foundations
A.	The Importance of Public Charity Status	2
B.	How to Qualify for Public Charity Status	3
C.	Private Foundations	18
Chapter 5	Other Benefits and Requirements
A.	Federal and State Tax Deductions for Contributions	2
B.	Federal Estate and Gift Tax Exemptions	4
C.	Federal Unrelated Business Income Tax	5
D.	California Unrelated Business Income Tax	6
E.	California Nonprofit Tax Exemption	7
F.	California Attorney General Reporting Requirements	8
G.	California Welfare Exemption	8
H.	Other California Tax Exemptions	16
I.	State Solicitation Laws and Requirements	17
Chapter 6	Choose a Name and File Your Articles of Incorporation
A.	Choose a Corporate Name	3
B.	Practical Suggestions for Selecting a Name	6
C.	Check Name Availability	9
D.	Reserve Your Corporate Name	11
E.	Perform Your Own Name Search	12
F.	Prepare Articles of Incorporation	16
G.	File Your Articles	29
Chapter 7	Bylaws
A.	Choose a Membership or Nonmembership Structure	2
B.	Bylaws for a Public Benefit Nonprofit Corporation	3
C.	Membership Bylaw Provisions for a Public Benefit Corporation	13
D.	Bylaws for a Religious Corporation	20
E.	Membership Bylaw Provisions for a Religious Corporation	30
Chapter 8	Prepare Your State Tax Exemption
A.	The State Tax Exemption Application: Form FTB 3500	2
B.	Instructions for Completing Form 3500	5
C.	Sign and Mail Your Exemption Application	18
Chapter 9	Apply for Your Federal 501(c)(3) Tax Exemption
A.	Getting Started	2
B.	Do You Need to File Form 1023?	7
C.	Prepare Your Tax Exemption Application	7
D.	Form 872-C	34
E.	User Fee Form 8718	34
F.	Sign and Mail Your Application to the Irs	35
G.	What to Expect from the Irs	36
H.	The Federal Determination Letter	36
Chapter 10	Final Steps in Organizing Your Nonprofit
A.	Mail Irs Letter to Franchise Tax Board	2
B.	Set Up a Corporate Records Book	2
C.	Prepare Offer to Transfer Assets from an Existing Business or Organization to Your Nonprofit	4
D.	Prepare Minutes of Your First Board of Directors' Meeting	9
E.	Complying with Bulk Sales Law	17
F.	Prepare a Bill of Sale for Assets	18
G.	Prepare Assignments of Leases and Deeds	21
H.	File Final Papers for the Prior Organization	22
I.	Notify Others of Your Incorporation	22
J.	Apply for a Federal Nonprofit Mailing Permit	22
K.	Apply for Your Property Tax Exemption	23
L.	File a Domestic Corporation Statement	25
M.	File an Initial Report with the Attorney General	25
N.	Issue Membership Certificates	26
O.	File Your Articles with the County Recorder	27
P.	Register with the Fair Political Practices Commission	27
Chapter 11	After Your Corporation Is Organized
A.	Piercing the Corporate Veil--if You Want to Be Treated Like a Corporation, It's Best to Act Like One	2
B.	Federal Corporate Tax Returns	3
C.	California Corporate Tax Returns and Reports	6
D.	Federal and State Corporate Employment Taxes	8
E.	Sales Tax Forms and Exemption from Sales Tax	12
F.	Licenses and Permits	13
G.	Workers' Compensation	14
H.	Private Insurance Coverage	14
I.	Dissolving a Nonprofit Corporation	15
Chapter 12	Lawyers, Legal Research, and Accountants
A.	Lawyers	2
B.	Legal Research	3
C.	Accountants and Tax Advice	4
Appendix 1	How to Use the CD-ROM
Appendix 2	Forms and Publications on CD-ROM
Appendix 3	Information and Tear-Out Forms
	Index