049: Nonprofit Basics: Winding up a California Charity

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and episode 49 of EO Radio Show summarizes the steps to wind up a charity that is a nonprofit corporation registered and operating in California. There are federal and state income tax considerations to address and organizational formalities, which are slightly different depending on whether the charity is organized as a nonprofit, public benefit corporation, or charitable trust. Our focus today is on the California nonprofit public benefit corporation that is registered with the California Attorney General's Registry of Charitable Trusts. We're going to talk about the path it needs to take as it winds up and dissolves.

Resources:

General Guide for Dissolving a California Nonprofit Corporation

Termination of the organization also needs to be provided to the IRS. See https://www.irs.gov/charities-non-profits/termination-of-an-exempt-organization

EO Radio Show EP #1: Nonprofit Basics: Overview of Nonprofit Charitable Organization Types: Corporation, LLC, Trust, Association and Fiscal Sponsorship

EO Radio Show EP #2: Nonprofit Basics: Designators, Members, Directors, Officers: The Who’s Who of Nonprofit Governance

YouTube EO Radio Show Nonprofit Governance playlist

YouTube EO Radio Show Nonprofit Basics playlist

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Additional episodes can be found at EORadioShowByFarella.com. 

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.