Benefit corporations are a layer added to a traditional corporate entity type. On the other hand, B Corps can be several different for-profit legal entities (i.e., cooperatives, limited liability companies, professional corporations, corporations, limited liability partnerships). Neither can be nonprofit organizations.
Nonprofits are not owned by shareholders and do not distribute profits to individuals. This means that a public benefit corporation will generate profits and distribute dividends to shareholders, while a nonprofit will reinvest any surplus revenue back into its own programs.
A C corporation is a business structure that allows the owners of a business to become legally separate from the business itself. This allows a company to issue shares and pass on profits while limiting the liability of the shareholders and directors.
There are three types of nonprofit corporations in California: public benefit, mutual benefit, and religious.
Under California law, a public benefit corporation must be formed for public or charitable purposes and may not be organized for the private gain of any person. A public benefit corporation cannot distribute profits, gains, or dividends to any person.
Although organizations don't need to file these bylaws with the state, California law requires that the treasurer or other designated member of the organization maintains a copy on file.
“Public corporation” means any county, city and county, city, town, municipal corporation, district of any kind or class, authority, redevelopment agency or political subdivision of this state.
All TACs provide service by appointment. The Contact Your Local Office tool on IRS helps taxpayers find the closest IRS TAC, the days and hours of operation, and a list of services the TAC provides. Once they make an appointment, taxpayers will receive an automated email to the address they provide.
If your address has changed, please call 1-800-829-8374 or visit .irs . Please check here if you've included any correspondence. Write your Social Security number , the tax year (2011), and the form number (5329) on any correspondence.
February is the busiest period for calls to the Internal Revenue Service's call center. It is also the peak time for visits to IRS offices for face-to-face tax help. The IRS reminds taxpayers that most answers to their tax questions can be quickly found on IRS.