Tag Archives | cooperatives

Partnerships between Co-ops and Nonprofits

Guest post by Luis Sierra of California Center for Cooperative Development Nonprofits that are exempt from federal tax under Internal Revenue Code Section 501(c)(3) must engage in activities that can be characterized as charitable, educational, or religious.  Nonprofits can give money to needy individuals or to other nonprofits, but not to other kinds of organizations.  […]

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Update on SB 392 – it passed!

SB 392 was signed into law which means that effective soon, LLCs will be able to become licensed contractors in California.  This is great news for cooperatives/collectives that form as LLCs.

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