Agreement Dissolution Sample For Non Profit In Queens

State:
Multi-State
County:
Queens
Control #:
US-00426BG
Format:
Word; 
Rich Text
Instant download

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Description

The Agreement for the Dissolution of Partnership is a legal document designed for partnerships looking to formally dissolve their business arrangement in Queens. This form outlines the terms and conditions under which the dissolution will occur, including the procedure for auditing partnership books, distribution of assets, and settling of liabilities. Key features include provisions for appointing auditors to evaluate financial records, the assignment of property rights, and the management of capital and debit accounts between partners. Users need to insert specific details such as dates, names, and addresses to customize the document. Filling out this form correctly ensures that all partners agree on the dissolution terms, and it offers a clear framework for addressing outstanding obligations. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form useful for managing the legal complexities surrounding partnership dissolutions, ensuring compliance with applicable laws, and protecting the interests of all parties involved.
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FAQ

Complete the process by filing with the New York Department of State written consent from the Tax Department (Form TR-960, Consent to Dissolution of a Corporation); one Certificate of Dissolution; and. a check for $60 payable to the New York Department of State.

The dissolution clause is a statement that explains what said organization will do with its assets in the event that the organization dissolves. This clause is particularly important given that the assets of a nonprofit are not owned by any person or group.

The nonprofit LLC is an option in some states for groups working in the nonprofit sector. However, in New York, you are limited to forming a nonprofit corporation to acquire tax exemption. At Lawyer For Business, we are business lawyers with extensive experience in New York State.

Dissolving a New York State not-for-profit corporation requires a plan approved by the New York State Attorney General. Before you take any steps towards dissolving a New York State not-for-profit, contact the Attorney General's office to develop a dissolution plan: (212) 416-8401. charities.bureau@ag.ny.

Dissolving a New York State not-for-profit corporation requires a plan approved by the New York State Attorney General. Before you take any steps towards dissolving a New York State not-for-profit, contact the Attorney General's office to develop a dissolution plan: (212) 416-8401. charities.bureau@ag.ny.

Complete and file a Certificate of Surrender of Authority with the Department of State. The Certificate of Surrender of Authority requires the consent of the New York State Tax Commission. To request consent, call the New York State Tax Commission at (518) 485-2639.

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Agreement Dissolution Sample For Non Profit In Queens