“Nonprofit Dissolution: What to Do When Closing the Doors” Nonprofit Quarterly has an article by Lee Bruder of Lee Bruder Associates laying out his principles and recommended approach a step-by-step timeline for dissolving nonprofits here. The steps are as follows:
- The Decision to Dissolve
- Developing a Comprehensive Plan
- Informing Stakeholders and Constituencies
- Distributing Assets
- Preserving Organizational Legacy
- Communicating Dissolution to Stakeholders
- Implementing Dissolution
- Creating a Time Line
- Filing Legal Documents
- Celebrating