North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE is a process under the North Dakota Nonprofit Corporation Act that involves the formal dissolution of a nonprofit corporation. It is a legal and administrative procedure that requires filing a certificate of dissolution with the North Dakota Secretary of State. The process includes distributing assets, settling debts, and winding up the corporation’s affairs. There are two types of North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE: voluntary dissolution and involuntary dissolution. Voluntary dissolution is initiated by the corporation’s board of directors, and involuntary dissolution is initiated by the courts.
North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE
State:
North Dakota
Control #:
ND-SKU-0191
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Sorry, the form is currently unavailable.Try our extended search for alternatives that meet your needs.
Description
NONPROFIT CORPORATION INTENT to DISSOLVE
How to fill out North Dakota NONPROFIT CORPORATION INTENT To DISSOLVE?
Dealing with legal documentation requires attention, precision, and using properly-drafted blanks. US Legal Forms has been helping people nationwide do just that for 25 years, so when you pick your North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE template from our library, you can be certain it complies with federal and state laws.
Dealing with our service is easy and quick. To get the necessary document, all you’ll need is an account with a valid subscription. Here’s a quick guideline for you to obtain your North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE within minutes:
- Remember to attentively look through the form content and its correspondence with general and legal requirements by previewing it or reading its description.
- Search for another official blank if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and download the North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE in the format you prefer. If it’s your first experience with our website, click Buy now to proceed.
- Create an account, select your subscription plan, and pay with your credit card or PayPal account.
- Decide in what format you want to save your form and click Download. Print the blank or add it to a professional PDF editor to submit it electronically.
All documents are drafted for multi-usage, like the North Dakota NONPROFIT CORPORATION INTENT to DISSOLVE you see on this page. If you need them in the future, you can fill them out without re-payment - just open the My Forms tab in your profile and complete your document any time you need it. Try US Legal Forms and prepare your business and personal paperwork quickly and in total legal compliance!
Form popularity
FAQ
If the leadership of the organization decides that winding down is the best option, the organization will need a ?plan of dissolution.? A plan of dissolution is essentially a written description of how the nonprofit intends to distribute its remaining assets and address its remaining liabilities.
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 501(c)(3) is the process of disbanding an organization and ending its non- profit status. Regardless of the reasons for dissolving its 501(c)(3) status, an organization must follow a series of steps with the state and the Internal Revenue Service (IRS) for the action to officially occur.
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.
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.
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.
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).
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.
More info
Instructions for completing Form CD 525. (Notice of Intent to Dissolve – Nonprofit Corporation).Right after your nonprofit has approved dissolution ("upon approval"), you must file a notice of intent to dissolve with the Secretary of State (SOS). The dissolution of a nonprofit corporation requires compliance with the state nonprofit corporation law under which it was organized. Complete Schedule N (Form 990 or 990EZ), Liquidation, Termination, Dissolution or Significant Disposition of Assets. Keep contact information of board members and membership handy until the dissolution process is completed. Once a resolution has passed an application to dissolve can be made online or the Dissolution form can be completed and submitted to the Corporate Registry. Minnesota Statutes, Chapter 317A. The undersigned corporation, for the purpose of dissolving, and pursuant to the provisions of the "Nonprofit Corporation Act" of the. PURPOSE: In order to dissolve a Nonprofit Corporation under Sections 10A-1-9.