How Do I Dissolve a Nonprofit Organization in Maryland?

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Steps to Dissolve a Nonprofit Company in Maryland

  • Convene a meeting to discuss and authorize the dissolution.
  • Review bylaws for dissolution procedures.
  • File Articles of Dissolution with details.
  • Seek guidance from nonprofit law professionals.
  • Vote on dissolution.
  • Obtain a dissolution certificate.
  • Notify partners and creditors.
  • File a final tax return.
  • Cancel licenses and permits.

Dissolution of a 501(c)(3) Organization

  • Vote of directors or members to dissolve.
  • Make a dissolution plan covering liabilities and assets.
  • Transfer assets to a similar nonprofit.
  • Remaining assets of 501(c)(3)s must go to another 501(c)(3).

Closing a Nonprofit with the IRS

  • File Form 990 to declare dissolution with the IRS.

The organization is dissolved once the dissolution papers are filed and the final 990 is submitted. Additional steps may be required after operations cease.

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