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Oregon Articles of Dissolution (Nonprofit)

Oregon Articles of Dissolution (Nonprofit)

Name: Oregon Articles of Dissolution (Nonprofit)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.73 (263 reviews)

Category:

Oregon Secretary of State - Business Registry - Corporation

State:

Oregon

Control #:

OR-SKU-0947

Format:

Instant download

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Description

Articles Of Dissolution (Nonprofit) Oregon Articles of Dissolution (Nonprofit) are legal documents used to dissolve a nonprofit corporation in the state of Oregon. The articles must be filed with the Oregon Secretary of State and include information such as the name of the nonprofit, the date of dissolution, and the name and address of the nonprofit's registered agent. There are two types of Oregon Articles of Dissolution (Nonprofit): a Standard Dissolution and a Voluntary Dissolution. A Standard Dissolution is used when a nonprofit no longer wishes to continue its operations and has no debts or liabilities, while a Voluntary Dissolution is used when the nonprofit has debts or liabilities that need to be paid and/or disposed of before the nonprofit can be dissolved. Both types of articles must be signed by an authorized officer of the nonprofit and must include the name and address of the registered agent.

Oregon Articles of Dissolution (Nonprofit) are legal documents used to dissolve a nonprofit corporation in the state of Oregon. The articles must be filed with the Oregon Secretary of State and include information such as the name of the nonprofit, the date of dissolution, and the name and address of the nonprofit's registered agent. There are two types of Oregon Articles of Dissolution (Nonprofit): a Standard Dissolution and a Voluntary Dissolution. A Standard Dissolution is used when a nonprofit no longer wishes to continue its operations and has no debts or liabilities, while a Voluntary Dissolution is used when the nonprofit has debts or liabilities that need to be paid and/or disposed of before the nonprofit can be dissolved. Both types of articles must be signed by an authorized officer of the nonprofit and must include the name and address of the registered agent.

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FAQ

To dissolve your nonprofit, you will need a plan of dissolution. The plan must indicate who will receive your nonprofit's remaining assets after all creditors have been paid. If your nonprofit has voting members, the board first must approve the plan of dissolution and then submit it to the members.

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.

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.

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.

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.

To dissolve/terminate your LLC in Oregon, you must provide the completed Articles of Amendment/Dissolution ? Limited Liability Company form to the Oregon Secretary of State Corporation Division by mail, in person or by fax with a Fax Cover Sheet. Original signature is NOT required.

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A statement is required that the nonprofit corporation is dissolved. Delayed effective date (optional).Make sure to check what the organization's own articles of incorporation (or "certificate of incorporation") and bylaws have to say about dissolution. The purpose of this article is to outline the steps and tasks involved in dissolving a nonprofit organization. HOW WAS THE DISSOLUTION APPROVED: Complete the information as required. If membership approval was not required, check the appropriate section. Articles of Dissolution - Nonprofit. Submit original completed paperwork and payment to: 302 West Washington Street, Room E-018, Indianapolis, IN 46204. 1. The resolution to dissolve was adopted at a meeting of the members of said corporation. A quorum of members was present at such meeting.

Oregon Articles of Dissolution (Nonprofit)

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