California law uses the term “nonprofit corporation” as a company that doesn't distribute profits to its directors or officers the way a corporation does. It may earn income by engaging in business activities, and it may have paid employees. With this in mind, however, it is not a conventional business in which the owners get a share of the profits. Religious organizations, social clubs, and charities are all eligible for nonprofit corporation status in California. You don't need a lawyer to set up a nonprofit corporation, but you should have your documents prepared by a qualified professional. The best choice is to hire a registered legal document assistant to prepare your forms.
In 2014, the IRS launched the Form 1023-EZ Application process enabling nonprofits to self-certify their own 501(c)(3) status. The form created a streamline method for applying for 501(c)(3) tax exempt status and is accessible at www.pag.gov. Nonprofits who qualify no longer have to undergo an intense application process which takes months to complete. Read on to learn [...]
If you are considering obtaining 501(c)(3) status for your California nonprofit, contact A People’s Choice for help. Below is a detailed overview of filing for 501c3 status in California for your nonprofit organization. Read on to learn more. 501c3 Tax Exempt Purpose The IRS grants 501(c)(3) status to a nonprofit that meets a tax exempt [...]