Federal law places some limits on the ability of 501(1)(c)(3) nonprofit corporations to involve themselves in politics. Agencies that are exempt from tax under 501(1)(c)(3) must focus their [...]
The Internal Revenue Service (IRS) recently issued Notice 2021-56, which better defines the standards for limited liability companies (LLCs) to obtain 501(c)(3) status. The IRS last issued [...]
An endowment is a type of investment mechanism that many nonprofit organizations utilize to manage their assets for the future. Professional financial advisory firms typically handle endowments [...]
On December 17, 2021, a California appellate court issued its opinion in Woods v. American Film Institute. This case affirmed the legal principle that volunteers who expected no compensation do [...]
California law provides for three different types of nonprofit corporations: Public benefit corporations Mutual benefit corporations Religious corporations While all types of nonprofit [...]
The Division of Occupational Safety and Health or Cal/OSHA is a division in the California Department of Industrial Relations. Its function is to protect California workers from health and safety [...]
A Donor Advised Fund (DAF) is a donation mechanism that gives you, as the donor, immediate tax benefits. It functions as a charitable investment account by allowing you to support the charities [...]
Like any other business, California non-profit organizations do not always last forever. As a result, you should know the requirements and process for winding down the affairs and dissolving a [...]
The California legislature recently passed Assembly Bill 488 (AB 488) to regulate crowdfunding and other online charitable fundraising platforms. These platforms have exploded in popularity in [...]
The COVID-19 pandemic has revealed the need for technology and innovation to play a critical role in conducting business throughout the past few years. Unfortunately, corporations in many states, [...]
