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.
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Ending a business partnership in California requires careful planning. There are a variety of tasks business owners must complete to successfully end a business partnership. This article reviews important steps to take when you want to end a business partnership.
Decided to start a California nonprofit for religious, charitable, scientific, literary, or educational purposes? You must take specific steps to make sure you satisfy the requirements for a California nonprofit formation. Once you create a California nonprofit corporation, you can apply for tax-exempt status (501 (c) 3) with the IRS.
Learn important steps to successfully sell a business. Do you need to hire a business broker? How do you value your business? Here's what you need to know.
When creating a business entity, you will face a difficult decision to set up an S Corp vs C Corp under the new tax laws. The choice you make will have significant implications on the amount of state and federal taxes you may owe. In this regard, it is essential to understand the difference between the two entity types before you decide and be able to compare S Corp vs C Corp under the new tax laws.
If your business is set up as a sole proprietorship [...]
Legal document assistants (also known as LDAs) open the door to affordable legal services by providing low-cost self-help document preparation service to California residents. For over 37 years, A People's Choice has helped individuals represent themselves in probate, divorce, civil and real property matters and more.