Business Entity Regulations
Essay by 24 • January 1, 2011 • 645 Words (3 Pages) • 1,447 Views
California Corporations Code
Within the California Corporations Code, general provisions governing the majority of corporations can be found. This information begins with the following sections:
* Corporation Code Section 100 - Domestic Stock Corporations
* Corporation Code Section 5110 - Domestic Nonprofit Public Benefit Corporations
* Corporation Code Section 7110 - Domestic Nonprofit Mutual Benefit Corporations
* Corporation Code Section 9110 - Domestic Nonprofit Religious Corporations
* Corporation Code Section 2100 - Foreign, out of state or country, Corporations. (California Business Portal, 2008)
I work for a nonprofit organization named Haven Ministries. Haven Ministries originated in 1934 by a sailor named First Mate Bob. The main function of Haven Ministries is the 30 minute radio program, known as Haven Today, which is aired throughout the United States as well as internationally. This ministry falls under Corporation Code Section 9110 - Domestic Nonprofit Religious Corporations. Section 9110 informs us there must be a name, the company is named Haven Ministries. There must also be a director; this person can change throughout the years, however, the initial director(s) are named on the articles. For Haven, this would be First Mate Bob. I cannot recall at this time his legal name. Section 9110 continues to inform the reader that the corporation will still need to follow the laws and must abide by any provisions specified in the articles filed. Members are not personally held liable for any debts, liabilities, or obligations of the corporations. This sections just as all others breaks down for the corporation what is expected of the corporation. (California Law, 2008)
California's Department of Corporation
The California's Department of Corporation has four different addresses.. The addresses are located in Los Angeles, Sacramento, San Francisco, and San Diego. The exact addresses are:
320 West 4th Street, Suite 750 1515 K Street, Suite 200
Los Angeles, CA 90013-2344 Sacramento, CA 95814-4052
71 Stevenson Street, Suite 2100 1350 Front St., Room 2034
San Francisco, CA 94105-2980 San Diego, CA 92101-3697
Someone can write to any of the above addresses, however, many questions can be answered directly online
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