On Tuesday, April 28, at 9 am PDT / 12 pm EDT, I’ll be on Facebook Live with Nadya K. Shmavonian (Partner, SeaChange Capital Partners.) and host Andy Davis (Associate Vice President of Member Education & Outreach, BoardSource) to discuss dissolution and mergers of nonprofits resulting the COVID-19 crisis. We’ll be responding to questions from attendees, but […]
dissolution
California Governor Signs Administrative Dissolution Bill Into Law
On September 30, 2015, Governor Brown signed into law Assembly Bill No. 557, making amendments to the laws governing dissolution of California nonprofits. The amendments, which will become effective on January 1, 2016, essentially create two new sets of dissolution procedures for California nonprofits: an automatic dissolution process and a streamlined dissolution process. Automatic […]
California Bill Regarding Nonprofit Dissolutions
On May 27, 2014, California Assembly Bill No. 1529 (AB 1529), introduced by Assemblyman John Perez, was passed on the Assembly Floor. The goal of AB 1529 is to streamline the process for dissolving nonprofit corporations by creating two new dissolution processes. First, it establishes an administrative process that would allow the Franchise Tax Board (FTB) […]
Dissolution and Transfer of Remaining Assets: An Alternative to Merger
Organizations may decide to merge for multiple reasons, including to better advance a common purpose or to expand the range of services offered to common beneficiaries. In a merger of two nonprofit corporations, the surviving corporation assumes all of the assets and liabilities of the disappearing (merged out) corporation. But there is an alternative way […]
10 Things Nonprofits Should Consider Before Electing to Dissolve
Times are still tough for nonprofits. And many boards are grappling with the question of whether their organizations should be shut down. Here is a quick list of 10 considerations for nonprofit boards thinking about dissolving their organizations: Can we continue to advance our mission effectively and efficiently? Do we have sufficient resources (not just […]
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