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District of Columbia Articles of Dissolution By Incorporators and Directors of Domestic Non Profit Corporation

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District of Columbia
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DC-SKU-0382
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Articles of Dissolution By Incorporators and Directors of Domestic Non Profit Corporation
The District of Columbia Articles of Dissolution By Incorporates and Directors of Domestic Non Profit Corporation is a document used by non-profit corporations in the District of Columbia to officially dissolve and terminate their operations. This document is filed with the Secretary of the District of Columbia and must be signed by the incorporates or directors of the non-profit corporation. The Articles of Dissolution must include the name of the non-profit, the purpose of the dissolution, the date of dissolution, the name of the incorporated or director signing the document, the registered agent’s name and address, and the effective date of dissolution. There are two types of District of Columbia Articles of Dissolution By Incorporates and Directors of Domestic Non Profit Corporations: Voluntary Dissolution and Involuntary Dissolution. Voluntary Dissolution is when the non-profit chooses to dissolve and terminate operations due to financial issues or other reasons. Involuntary Dissolution is when the non-profit is forcibly dissolved by a court order or other legal action.

The District of Columbia Articles of Dissolution By Incorporates and Directors of Domestic Non Profit Corporation is a document used by non-profit corporations in the District of Columbia to officially dissolve and terminate their operations. This document is filed with the Secretary of the District of Columbia and must be signed by the incorporates or directors of the non-profit corporation. The Articles of Dissolution must include the name of the non-profit, the purpose of the dissolution, the date of dissolution, the name of the incorporated or director signing the document, the registered agent’s name and address, and the effective date of dissolution. There are two types of District of Columbia Articles of Dissolution By Incorporates and Directors of Domestic Non Profit Corporations: Voluntary Dissolution and Involuntary Dissolution. Voluntary Dissolution is when the non-profit chooses to dissolve and terminate operations due to financial issues or other reasons. Involuntary Dissolution is when the non-profit is forcibly dissolved by a court order or other legal action.

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FAQ

To officially dissolve your business in D.C., you must file a formal dissolution document with the Washington D.C. Corporations Commission of the Department of Consumer and Regulatory Affairs (DCRA). The two most common forms are: Corporations ? Articles of Dissolution of a Domestic For-profit Corporation ? Form DBU-7.

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.

When a charitable nonprofit is no longer recognized as tax-exempt, it will be required to pay income taxes on revenue, including donations, and donors will no longer be able to deduct contributions to the organization. Additionally, private foundations may not be willing or able to make a grant to the organization.

As required by law, a nonprofit organization that is ceasing existence is required to transfer all remaining assets to another tax-exempt organization or to the government. It is unlawful to give any property away to individuals ? including board members, volunteers, staff, or beneficiaries.

To dissolve your LLC in the District of Columbia, file Form DLC-8, Statement of Dissolution for Domestic Limited Liability Company with the Department of Licensing and Consumer Protection (DLCP). Feel free to draft your own articles, but do not handwrite on DLCP forms.

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.

Federal law requires a tax-exempt charitable nonprofit that is dissolving to distribute its remaining assets ONLY to another tax-exempt organization or to the federal government or a state or local government for a public purpose.

§ 29?412.22. (a) The Superior Court in a judicial proceeding brought to dissolve a nonprofit corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the affairs of the corporation.

More info

Article Two Date of incorporation. Provide the date of incorporation.Make sure to check what the organization's own articles of incorporation (or "certificate of incorporation") and bylaws have to say about dissolution. Submit original completed paperwork and payment to: 302 West Washington Street, Room E-018, Indianapolis, IN 46204. Complete only one below, either (a) or (b) or (c). (a) The South Dakota Noncommercial Registered Agent's name. Each original director of the nonprofit corporation must sign the articles but only if the directors are named in these articles. 7.3. A majority of its original incorporators or initial directors authorized the dissolution. 8. ​Domestic Nonprofit Corporation, Formed under Oregon law, ​, ​. Note: Pursuant to Ohio Revised Code section 1701.

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District of Columbia Articles of Dissolution By Incorporators and Directors of Domestic Non Profit Corporation