Dissolution of Nonprofit Corporation

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December 30, 2015

Purpose of Bulletin

To inform staff there are three new ways that a qualified nonprofit corporation can dissolve.

Background

Pursuant to Assembly Bill 557, beginning January 01, 2016, qualified nonprofit corporations have three additional avenues for dissolution.

Additional Information

The three additional ways nonprofit corporations can dissolve are:

  • Short form dissolution with the California Secretary of State (SOS) for corporations that are incorporated/qualified for 24 months or less.
  • Voluntary dissolution allows the qualified nonprofit corporation that is no longer doing business to complete the Form 3502, Nonprofit Corporation Request for Pre-Dissolution Tax Abatement (New form), and request the abatement of qualified taxes, interest, and penalties upon dissolution with the SOS. The corporation has 12 months from filing the form to complete the dissolution process with SOS.
  • Administrative dissolution allows us to dissolve a qualified nonprofit corporation that we suspended 48 months or longer and is no longer doing business. We will send a letter to these corporations advising that they will be dissolved in 90 days unless they contact us. The SOS website has a listing of the dissolved corporations.

Taxpayer Inquiries

Advise taxpayers to contact the Exempt Unit Call Center at 916.845.4171 from 7 a.m. to 4:30 p.m. weekdays, except state holidays.

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