Examining the governing documents of the organization, such as the bylaws and articles of incorporation, is the first stage in dissolving a nonprofit in the District of Columbia. The procedures required to wind up the organization should be outlined in these documents. Normally, the nonprofit organization’s board of directors must vote to dissolve the organization, and all members and directors must be given notice of the vote.
The organization must submit articles of dissolution to the DC Department of Consumer and Regulatory Affairs (DCRA) when the decision to dissolve the nonprofit has been made. The nonprofit’s name, the date of the dissolution vote, and a declaration that it has no further assets or liabilities must all be included in the articles of dissolution.
Although there is no Secretary of State in Washington, DC, the DCRA is in charge of company and nonprofit organization registration. In order to receive legal and other necessary documents on the organization’s behalf, nonprofit organizations in DC must have a registered agent. A person or business that offers registered agent services to a nonprofit organization in Washington, DC without charging a fee is known as a non-commercial registered agent.
The price to establish an LLC in Maryland varies based on the kind of business and the number of owners. Domestic LLCs with one owner must pay a filing fee of $100, whereas domestic LLCs with two or more owners must pay a filing cost of $150. For an LLC in Maryland, the yearly report price is $300.
Depending on the sort of business and the location, obtaining a business license in DC can include a variety of steps. Typically, a basic business license in DC can be obtained in around 30 days. In the District of Columbia, the DCRA is in charge of issuing business licenses and permits.
Finally, paying close attention to the governing documents of the organization and abiding by state law are requirements for dissolving a nonprofit in DC. A non-commercial registered agent can offer crucial services for nonprofits, and the DCRA is responsible for overseeing the registration of nonprofit organizations and other enterprises in DC. A company license in DC can be obtained in as little as 30 days, while the cost to register an LLC in Maryland varies based on the type of firm.