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Entries Tagged ‘California Franchise Tax Board’

Reasons for a California Business to Incorporate In Nevada

California is a notoriously bad state to do business in. Regulations, worker’s compensation and tax issues overwhelm companies. Seeking relief, many incorporate in Nevada. Unless done carefully, this decision can lead to disaster. Doing Business – Jurisdiction Jurisdiction is a legal term used to define who has authority over something. Applied to this article, the term refers to [...]

Nonprofit Organization Tax Exempt Status Primer

“Tax Exempt” defined Net profits of an organization free from federal and/or state income tax. Nonprofit organizations may be established by proper incorporation procedures; however they do not become automatically exempt from state taxes. In order to become completely free of income tax a nonprofit entity must receive Internal Revenue Service approval. Different categories of [...]