Is there a penalty for not completing registration or filing annual financial report(s) by the required dates?
SB 2015 has added Section 12586.1 to the Government Code which reads “In addition to a registration fee, a …commercial fundraiser, fundraising counsel, or co-venturer may be assessed a late fee or an additional fee of twenty-five dollars ($25) for each month or part of the month after the date on which the registration statement or financial report were due to be filed …if the commercial fundraiser, fundraising counsel or co-venturer does any of the following: • Exists and operates in California without being registered. • Solicits contributions in California without being registered or, if applicable, bonded. • Fails to correct the deficiencies in its registration or annual report within 10 days of receipt of written notice of those deficiencies.
