To register as a commercial fundraiser, you must complete and sign a Registration Form with the Attorney General’s office and pay a fee of $350. Further, you must submit the original of a properly executed $25,000 surety bond in your name. However, if you are unable to obtain this bond, you may submit the Deposit of Assignment form and the Receipt for Notice of Assignment form along with the original pass book or certificate of deposit indicating that $25,000 is held in the Attorney General’s name.
The Nonprofit Integrity Act of 2004 applies to all commercial fundraisers for charitable purposes who solicit charitable donations, including those who receive any funds, assets, or property as a result of a solicitation in California for charitable purposes, or who employ any compensated person to solicit, receive, or control funds, assets, or property for charitable purposes here.
For further information on business formations and more please contact the Costa Mesa Business Lawyers at Yanez & Associates at 714-665-8322. We offer a free initial consultation of 60-minutes. Call today to schedule a consultation with a lawyer at our firm.