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  • Domestic Nonprofit Corporation Dissolution Filing Requirements

Get Domestic Nonprofit Corporation Dissolution Filing Requirements

S The voluntary dissolution of a domestic nonprofit corporation is initiated by an election to dissolve. The election to dissolve may be made by the vote or written consent of a majority of all the members of the corporation or, if there are no members, by the board of directors. Following this election the corporation must file documents with the California Secretary of State, as discussed below. To dissolve, the corporation must file a Certificate of Election to Wind Up and Dissolve (Form ELE.

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How to fill out the Domestic Nonprofit Corporation Dissolution Filing Requirements online

This guide provides comprehensive instructions on completing the Domestic Nonprofit Corporation Dissolution Filing Requirements online. By following these steps, you can navigate the dissolution process with confidence and ensure all necessary information is submitted accurately.

Follow the steps to complete your dissolution filing online.

  1. Use the ‘Get Form’ button to access the Domestic Nonprofit Corporation Dissolution Filing Requirements and open it in your preferred editor.
  2. Begin by entering the corporate name exactly as it appears in the records of the California Secretary of State in the designated field.
  3. Include the Required Statement as specified: 'The corporation has elected to wind up and dissolve.' This statement must remain unchanged.
  4. Select the appropriate election statement. Only one option can be checked: whether the election was made by a majority of the members or by the board of directors if no members exist.
  5. Indicate the Signatory Authority by checking one of the available options. Again, only one box may be checked to specify who is executing the certificate.
  6. Provide the necessary signatures and print or type the names of the directors, officers, or members who are signing the certificate. If additional signature space is required, include an attachment.
  7. After completing these steps, save your changes, download a copy of the form, or print it for your records. You may choose to submit it via mail or present it in person at the Sacramento office.

Start completing your Domestic Nonprofit Corporation Dissolution Filing Requirements online today.

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By law, a dissolving nonprofit must donate the remainder of its assets to another nonprofit organization.

In a cooperative business structure, these profits, as well as any assets, could be distributed to the members at some point in the future because they have ownership rights. In a nonprofit structure, surplus or asset distribution to members is not allowed.

Actually, no! These terms are often used interchangeably, but they all mean different things. Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose. 501(c)(3) means a nonprofit organization that has been recognized by the IRS as being tax-exempt by virtue of its charitable programs.

There are three types of nonprofit corporations in California: public benefit, mutual benefit, and religious. A nonprofit public benefit corporation (the focus of this step-by-step guide) is the appropriate choice for a nonprofit formed for charitable or public purposes.

Contrary to popular belief coops are not non-profits, and do aim earn profits. Earnings generated by the cooperative benefit the member-owners. The way co-ops operate is much closer to a traditional business than a non-profit.

Upon the dissolution of this organization, assets shall be distributed for one or more exempt purposes within the meaning of IRC Section 501(c)(3), or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose.

In summation, it is a business/corporation that has been given tax-exempt status by the Internal Revenue Service (IRS) because the further a religious, scientific, charitable, educational, literary, public safety or cruelty-prevention mission or area of work.

Complete Schedule N (Form 990 or 990-EZ), Liquidation, Termination, Dissolution or Significant Disposition of Assets. Include a description of the assets and any transaction fees, the date of distribution, the fair market value of the assets and information about the recipients of the assets.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232