Get the free Certificate of Dissolution of a Non-Profit Corporation - sos arkansas

This document certifies the dissolution of a non-profit corporation organized under Arkansas law, detailing the necessary approvals and the verification of its officers.

How to fill out certificate of dissolution of

How to fill out Certificate of Dissolution of a Non-Profit Corporation

1. Obtain the Certificate of Dissolution form from your state’s Secretary of State website or office.
2. Complete the form with the non-profit corporation’s name, date of incorporation, and other required identifying information.
3. Ensure you have the approval of the board of directors and members as required by your organization's bylaws.
4. Provide details on how any remaining assets will be distributed upon dissolution according to state law and the organization’s bylaws.
5. Sign the form, either electronically or with a wet signature, as required.
6. Submit the completed Certificate of Dissolution form to the appropriate state office, either online or via mail, along with any required filing fees.
7. Obtain confirmation of dissolution from the state office, which may take several weeks.

Who needs Certificate of Dissolution of a Non-Profit Corporation?

1. Any non-profit corporation that wishes to formally dissolve its operations needs to file a Certificate of Dissolution.
2. Organizations that have completed their mission or can no longer sustain their operations are typically in need of this certificate.
3. Organizations that wish to comply with state law when ceasing operations to avoid future liabilities.

People Also Ask about

How do I shut down a non-profit organization?

How to Dissolve a Nonprofit Corporation in California Authorize Your Nonprofit's Dissolution. File a Certificate of Election to Wind Up and Dissolve. Wind Up Your California Nonprofit Corporation. Receive Dissolution Waiver from the Attorney General. File a Certificate of Dissolution.

What do you do with money when dissolving a 501c3?

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.

What happens to the money when a 501c3 dissolves?

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.

What is the dissolution clause for 501c3?

Upon the dissolution of this organization, assets shall be distributed for one or more exempt purposes within the meaning of IRC Section 501(c)(3), or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose.

What are the two types of dissolution of a corporation?

There are two types of dissolution: involuntary and voluntary. Involuntary dissolution occurs when the court orders the dissolution of a company due to specific legal grounds. Voluntary dissolution occurs when the shareholders or directors of a company agree to dissolve the company.

Is money received from a 501c3 taxable?

Generally, 501(c)(3) organizations are exempt from taxes on income related to their charitable activities, but they may be taxed on profits from unrelated business activities, including some types of investment income. Learn when investment profits are taxable and how to stay compliant with IRS rules.

What do nonprofits do with leftover money?

Perhaps it's for buying real estate, building refurbishments or extensions, or increasing services. Making use of lines per credit. This means the business uses funds as and when needed. It could be to fund short-term budgets that they fall short on or expenses that they weren't expecting.

For pdfFiller’s FAQs

What is Certificate of Dissolution of a Non-Profit Corporation?

The Certificate of Dissolution of a Non-Profit Corporation is a legal document filed with the state to formally terminate the existence of a non-profit organization, indicating that it has ceased operations and is no longer conducting business.

Who is required to file Certificate of Dissolution of a Non-Profit Corporation?

The board of directors or the members of the non-profit corporation are typically required to file the Certificate of Dissolution once the decision has been made to dissolve the organization.

How to fill out Certificate of Dissolution of a Non-Profit Corporation?

To fill out the Certificate of Dissolution, one must provide essential details such as the name of the corporation, the date of dissolution, the reason for dissolution, and affirmation that the necessary steps have been taken as per state requirements.

What is the purpose of Certificate of Dissolution of a Non-Profit Corporation?

The purpose of the Certificate of Dissolution is to legally dissolve the non-profit entity, ensuring that it is removed from state records, settling any remaining obligations, and protecting the organization from future liabilities.

What information must be reported on Certificate of Dissolution of a Non-Profit Corporation?

The Certificate of Dissolution must include information such as the name of the non-profit, the date of the dissolution, the reason for dissolution, and details regarding the distribution of remaining assets, if applicable.