Posts Tagged ftb
Laws of Note for Religious Non Profits Enacted in 2015 New Law Streamlines Dissolution for Dormant Nonprofit Corporations in California Approximately 150,000 nonprofit corporations are registered in California. However, many of them are dormant. If these inactive corporations fail to make routine filings with the Secretary of State (SOS) and Franchise Tax Board (FTB), they […]
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Leave a Comment (0) →New Law Streamlines Dissolution for Dormant Nonprofit Corporations in California Approximately 150,000 nonprofit corporations are registered in California. However, many of them are dormant. If these inactive corporations fail to make routine filings with the Secretary of State (SOS) and Franchise Tax Board (FTB), they risk triggering a series of events. First, they risk losing […]
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Leave a Comment (0) →Legislation has been enacted in California to streamline the process for dissolution of a nonprofit incorporated in the State. A nonprofit corporation will be subject to administrative dissolution or administrative surrender if its corporate powers are suspended or forfeited by the Franchise Tax Board (FTB) for a period of not less than 48 continuous months. […]
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