California · Revenue and Taxation Code - RTC
RTC §24408: The term “organizational expenditures” means any expenditure that meets all of the following requirements: (a) Is incident to the creation of the corporation.
Read the full statutory text
The term “organizational expenditures” means any expenditure that meets all of the following requirements: (a) Is incident to the creation of the corporation. (b) Is chargeable to capital account. (c) Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.