Montana Articles of Dissolution for Nonprofit Corporation

State:
Montana
Control #:
MT-BS-56
Format:
PDF
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This form is an official Montana form which complies with all applicable state codes and statutes. USLF updates all state forms as is required by state statutes and law.

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FAQ

(See your organization's articles of incorporation and/or bylaws, and Schedule N of the IRS Form 990). This means that in the dissolution process your nonprofit cannot give any of its property away to individuals, including board members, other volunteers, employees or those served.

File a final form. In this type of dissolution, the IRS mandates that the board of directors of the nonprofit organization complete certain requirements to "dissolve," or shut down, the 501(c)(3). Vote for dissolution. File Form 990. File the paperwork.

In order to form a nonprofit corporation, you must file articles of incorporation (sometimes called a "certificate of incorporation" or "charter document" or "articles of organization") with the state and pay a filing fee.

Legal Name of the Organization (Not taken by other companies in your State) Address of the Organization (Should be in the Incorporating State) Incorporator of the Nonprofit Organization.

Hold a Board of Directors meeting and record a resolution to Dissolve the Montana Corporation. Hold a Shareholder meeting to approve Dissolution of the Montana Corporation. File all required Annual Reports with the Montana Secretary of State. File all required tax returns with the Montana Department of Revenue.

If your nonprofit fails to file its annual return (Form 990) for three consecutive years, the IRS will automatically revoke your organization's tax-exempt status.

Remove directors from the board. The shareholders can vote to remove directors from the board before their terms expire, with or without cause, unless the corporation has a staggered board. The shareholders can then vote to replace the directors they removed.

Generally speaking, you can only distribute money and property after you've paid off all of your nonprofit's debts. In turn, after paying off debts, a dissolving 501(c)(3) organization must distribute its remaining assets for tax-exempt purposes.

The name of your corporation. your corporation's principal place of business. the name and address of your corporation's registered agent. a statement of the corporation's purpose. the corporation's duration. information about the number of shares and classes of stock the corporation is authorized to issue.

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Montana Articles of Dissolution for Nonprofit Corporation