If the time comes that your non-profit has accomplished its mission or you need to dissolve the non-profit for other reasons, consult your state’s Attorney General web page for detailed instructions on the steps to follow. If your non-profit is incorporated in California, follow the steps outlined below.
Decision to Dissolve
- Can be done by a vote of the board of directors or by a majority of the corporation.
- Prepare a Certificate of Election to Wind Up and Dissolve and a Certificate of Dissolution.
File a final state tax return
- Inform the state tax board of your status as dissolved.
Obtain Dissolution Waiver from the Attorney General for asset disposition
- As the assets of a non-profit are held in public trust, there are specific rules that guide the distribution of the dissolved non-profit’s assets in accordance to the stated purpose.
Submit a Final Notice of Submission to the Secretary of State’s office and the Attorney General’s office
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