Articles of Dissolution — Washington Nonprofit Corporation is a legal document that is filed with the Secretary of State of Washington to dissolve a nonprofit corporation in the state. This document outlines the details of the dissolution and provides information such as the name of the nonprofit, the date of dissolution, and the names and addresses of the directors authorizing the dissolution. It also includes a statement indicating that the corporation has met all legal requirements for dissolution in Washington. There are three types of Articles of Dissolution — Washington Nonprofit Corporation: Standard Dissolution, Voluntary Dissolution and Administrative Dissolution. Standard Dissolution is filed by the directors of a nonprofit organization and can be used when the nonprofit organization has paid all debts and satisfied all obligations. Voluntary Dissolution is filed by the directors of a nonprofit organization and is used when the nonprofit organization does not have any debts or obligations. Administrative Dissolution is filed by the Secretary of State of Washington and is used when the nonprofit organization has failed to meet certain statutory requirements such as filing annual reports or paying filing fees.
Articles of Dissolution - Washington Nonprofit Corporation
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How to fill out Articles Of Dissolution - Washington Nonprofit Corporation?
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FAQ
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.
With the resolution to dissolve in hand, Washington law provides for voluntary dissolution as follows: if your nonprofit has voting members, by action of the directors followed by a vote or other consent of the members; or. if your nonprofit doesn't have members, by a vote of the directors.
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.
7 Steps to Dissolving a Washington Corporation: Submit a Revenue Clearance Certificate Application.Wait for processing.Fill out Articles of Dissolution.Attach the certificate.Submit Articles of Dissolution.Wait for processing.Inform your registered agent.
Steps to dissolving a nonprofit 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.
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.
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.