by Seton_Tethos | Dec 12, 2012 | Uncategorized
As many practitioners know, beginning January 1, 2012, the State of California now recognizes the “benefit” and “flexible” corporation. While there are distinctions between the two and “general” corporation, they have a capital...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
In May 2011, the IRS may good on its promise to “wipe out” the 501c3 charity status of approximately 275,000 charities for failing to file three consecutive years of returns. Many suspected and thought this was good as it would wipe out “small”...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
If you are a Church, Temple or Synagogue, AND, you are leasing your premises, you be able to utilize the property tax exemption entitled to Churches pursuant to Section 2602 of the California Revenue and Taxation Code. In a nutshell, this code states that,...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
Charities have so much to be careful. If I asked who owns the assets of the charity, you might say “Noone”! and you would be right! That being said, since there is no ownership of assets, the directors of a charity are the custodians of a charity assets...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
The issue of US Charities supporting activities that further the charitable purposes of the US Charity is quite a complex topic and one that must be carefully tread to not violate the many rules and regulations in this area. Suffice is to say, that while this blog...
A Step In The Right Direction For The Excise Tax
Y Combinator: Inspiring Social Enterprise