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California Public Benefit Corporation |
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PUBLIC BENEFIT CORPORATIONA non profit CALIFORNIA PUBLIC BENEFIT CORPORATION is not formed with the intent to realize a profit, but is established for a religious, charitable, social, educational, recreational, literary or scientific purpose.
A corporation organized primarily for charitable purposes and which plans to obtain state tax exempt status under Section 23701d of the Revenue and Taxation Code and/or federal tax exempt status under Section 501(c)(3) of the Internal Revenue Code or organized to act as a civic league or a social welfare organization and which plans to obtain state tax exempt status under Section 23701f of the Revenue and Taxation Code and/or federal tax exempt status under Section 501(c)(4) of the Internal Revenue Code is a nonprofit PUBLIC BENEFIT corporation. California Corporation Code
Public Benefit Corporation - FAQsWhat is a non profit corporation? What steps need to be taken to form a non profit? What business purposes are valid for a non profit? What are the IRS classifications of non profits? How many directors are non profits required to have? What are the advantages of forming a non profit? What are the disadvantages of forming a non profit?
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