Business Law

Nonprofit Organizations Committee eBulletin: How to Maintain Your Client Trust Account to Efficiently Run Your Practice AND Avoid Bar Discipline

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The Nonprofit Organizations Committee is pleased to announce our upcoming presentation:

How to Maintain Your Client Trust Account to Efficiently Run Your Practice AND Avoid 
Bar Discipline

March 17, 2022 at 10:00 a.m.

Please join the Nonprofit Organizations Committee for a program on the topic: How to Maintain Your Client Trust Account to Efficiently Run Your Practice AND Avoid Bar Discipline. Topics that will be covered include: Rules of Professional Conduct pertaining to client trust accounts, IOLTA and Non-IOLTA trust accounts, Client trust account maintenance and reconciliation procedures. It will also include examples and best practices.

The program will be presented by Hratch J. Karakachian and Kneave Riggall. Hratch J. Karakachian, a dual licensed solo practitioner as a CPA and Attorney from Glendale, CA, focuses his practice on income, estate & gift tax planning and compliance matters. He is a senior adjunct faculty member at California Lutheran University and chairs the San Fernando Valley Bar Association’s Taxation Law Section. 

Kneave Riggall is an attorney and Certified Tax Law Specialist in South Pasadena, CA. He chairs the Pasadena Bar Association’s Tax Section and represents clients in tax controversy, litigation, planning and whistleblower matters. 

*This program has been approved for 1 hour of MCLE ethics credit by the California Community Foundation. The California Lawyers Association is not the provider of this MCLE credit

Following the presentation, the Nonprofit Organizations Committee will continue our regular meeting with announcements, updates, and discussion topics of interest to nonprofit organization attorneys. 

Join Zoom Meeting

Meeting ID: 894 3663 7065
Passcode: 123456

We will have BOTH audio and video on Zoom for this meeting.
 If you prefer to get audio by phone, call 1 669-900 6833, and enter the meeting ID above. For phone instructions for Zoom, see here. Written materials are being sent separately.

For more information about the Nonprofit Organizations Committee and its programs, please contact Committee Chair Louis E. Michelson. (

Know someone who would like to receive our E-bulletins? Anyone interested may sign up on the website of the California Lawyers Association

Become an official member of the Nonprofit Organizations Committee! The CLA Business Law Section is accepting applications online here. Applicants must be Business Law Section members who have been admitted to the California Bar for at least five years. 

This e-bulletin was written by Louis E. Michelson, Vice-Chair, Programs.

Upcoming meeting dates: 

  • Apr 21, 2022 10 am, What Charities Should Do Before Fundraising Across State Lines, Lewis Kinard
  • May 19, 2022 10 am, Don’t Panic – It’s Just an IRS Audit: Guidelines for being Prepared in Case the IRS Comes Knocking, Sharon Lincoln
  • Jun 16, 2022 10 am, Franchise Tax Board Updates, Audrey Rowe, CPA, Exempt Organizations and Nonprofits Unit
  • Jul 21, 2022 10 am, Welfare Exemption, Sy Nguyen, Los Angeles County Office of the Assessor

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CLA Membership is $99 and includes one section. Additional sections are $99 each.