The privilege of non-profit status is one easily lost. In California a non-profit has to satisfy the requirements of 4 distinct entities. Failure to follow the requirements of any one of the following entities can lead to relinquishment of your entity’s right to engage in your regular activities, receive donations, spend funds and remain tax exempt.
Secretary of State
- Failure to remain in compliance with the California Secretary of State requirements is one of the fastest ways to loose non-profit status. Primuth & Driskell, LLP will ensure that all filings are complete with the Secretary of State and that your entity is operating legally.
California Attorney General
- All assets held for charitable or educations purposes in California must be registered with the Attorney General in their division Registry of Charitable Trusts. Failure to register and stay in compliance with the Registry of Charitable Trusts puts your entity at risk for being declared delinquent and the loss of non-profit privileges.
Franchise Tax Board
- Creating a non-profit entity in California does not mean that your entity is tax-exempt. The Franchise Tax Board has a myriad of restrictions and requirements to remain in good standing. Primuth & Driskell, LLP will ensure that your entity is in good standing with the Franchise Tax Board and that you pay no more tax than absolutely necessary.
Internal Revenue Service
- Even if your entity has been deemed to be tax exempt by the Internal Revenue Service, you may still be required to file a tax return for the entity. Primuth & Driskell, LLP will help you determine your filing requirements to make sure you are in compliance with the Internal Revenue Service.
Contact Primuth & Driskell, LLP for assistance in keeping your non-profit compliant with the proper agencies.