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- California Nonprofit Corporation -Short Form Dissolution Certificate (Form DSF NP)
Get California Nonprofit Corporation -Short Form Dissolution Certificate (Form DSF NP)
Secretary of State Business Programs Division Business Entities 1500 11th Street, Sacramento, CA 95814 P.O. Box 944260, Sacramento, CA 942442600Submission Cover Sheet For faster service, file online.
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Undersigned FAQ
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A 501(c)(3) organization must file for dissolution first with its state and then send the approved dissolution documentation to the IRS. It is important for an organization to check with its state Attorney General's office first to ensure that the specific procedures and documentation are submitted.
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HOW CAN A NONPROFIT LOSE ITS 501(c)(3) STATUS? Failing to file a Form 990 with the IRS. ... Engaging in private benefit or private inurement. ... Lobbying. ... Political campaigning. ... Generating too much Unrelated Business Income. ... Failing to operate in ance with its purpose.
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There are many reasons why a nonprofit might consider dissolution: an inability to attract or maintain funding, an assessment that the nonprofit no longer serves its stated mission or constituency or that its mission or constituency is more than adequately served by other organizations.
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If all your shareholders voted unanimously to dissolve the corporation, you'll file Form DISS STK—the Certificate of Dissolution. If the decision to dissolve was not unanimous, you'll use Form ELEC STK—Certificate of Election to Wind Up and Dissolve to dissolve your corporation.
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After your nonprofit has formally decided to wind up and dissolve, you must "forthwith" file a Certificate of Election to Wind Up and Dissolve with both the Secretary of State (SOS) and the Attorney General (AG). The certificate must contain: a statement that the corporation has elected to wind up and dissolve.
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The letter should include a balance sheet for the last three years of activity and show the disposition of assets and/or recipient information; a copy of the Articles of Incorporation; a copy of documents showing any restrictions on assets held in charitable trust; and a copy of an executed California Secretary of ...
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As required by law, a nonprofit organization that is ceasing existence is required to transfer all remaining assets to another tax-exempt organization or to the government. It is unlawful to give any property away to individuals - including board members, volunteers, staff, or beneficiaries.
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Federal law requires a tax-exempt charitable nonprofit that is dissolving to distribute its remaining assets ONLY to another tax-exempt organization or to the federal government or a state or local government for a public purpose.
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