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What happens when nonprofits go out of business?

April 26, 2017Business happens nonprofits

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What happens when nonprofits go out of business?

2 Answers

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A plan of dissolution is supposed to be filed. Often that doesn’t happen. Assets must be passed on to another organization with a similar purpose.

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Last updated on: May 2, 2004 Description: A plan of dissolution is supposed to be filed. Often that doesn’t happen. Assets must be passed on to another organization with a similar purpose.