North Dakota Nonprofit Corporation Articles of Dissolution by Incorporates are documents filed with the Secretary of State in North Dakota to formally dissolve a nonprofit corporation. These documents must be signed by all the incorporates of the nonprofit and must include the corporate name, a statement that all debts and liabilities have been discharged, and a statement of the dissolution of the corporation. The Articles of Dissolution must also include a statement that the corporation has no members, and that the incorporates consent to the dissolution of the nonprofit. There are two types of North Dakota Nonprofit Corporation Articles of Dissolution by Incorporates: Voluntary Dissolution and Involuntary Dissolution. A voluntary dissolution is when the incorporates of a nonprofit decide to dissolve the nonprofit. An involuntary dissolution is when the Secretary of State orders a nonprofit to be dissolved due to failure to comply with state laws.
North Dakota NONPROFIT CORP ARTICLES of DISSOLUTION BY INCORPORATORS
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FAQ
Articles of Dissolution, known in North Dakota as Articles of Dissolution and Termination, are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally exist.
There are two filing options when you dissolve your North Dakota LLC. You can file either the Articles of Dissolution by Organizers or the Articles of Dissolution by Members. The Articles of Dissolution by Organizers does not require the filing of a Notice of Dissolution with the North Dakota Secretary of State (SOS).
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.
Dissolution Clause: 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.
For federal tax purposes, you'll need to file IRS Form 990 or IRS Form 990-EZ. You must include a completed Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets), as well as copies of your certificate of dissolution and resolution to wind up and dissolve.
Dissolving a Church or Nonprofit in Pennsylvania Take an Official Vote of the Board of Directors/Members.Obtain Tax Certificates.Obtain Attorney General Approval.Obtain Court Approval to Sell Real Estate.Ensure that Money Left Over is Transferred to a Similar Nonprofit.
Governance responsibility is vested in the board of directors or trustees. These individuals are accountable to state and federal authorities to ensure the organization operates in a legally compliant manner and for the purposes outlined at formation.
Incorporator: The incorporator is the person or company preparing and filing the incorporation documents with the state. Many states require the name and signature and address of the incorporator in the formation documents.