Liquidation of a charitable foundation

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In most civilized countries the issue of charity is regulated at the legislative level. Charitable foundations are legal entities that are established to collect donations. 

A charitable foundation belongs to such types of non-profit organizations, the closure of which requires compliance with a special procedure. Here is very useful knowledge of the laws that regulate the activities of non-profit companies. It is necessary at least in general terms to understand the peculiarities of the work of such structures.

It is obligatory to hold the last meeting of participants and create a liquidation committee. 

THE NEED TO LIQUIDATE A CHARITABLE FOUNDATION ARISES FOR VARIOUS REASONS

• Impossibility to realize the goals of the association;
• lack of funds for the implementation of activities;
• change of direction;
• violation of legal norms.

The initiators of the termination of the work of the fund can be its members (participants), as well as state authorities, local self-government bodies, which file a statement of claim in court.

Liquidation of a charitable organization is a process that requires an understanding of how the laws in this area work. Sometimes the final decision to close a charitable foundation is made in court. The slightest mistake can cost a lot of problems.

You can avoid trouble only by turning to professionals. By entrusting the liquidation of a charitable foundation in Ukraine to the lawyers of Legal Solutions, you will save yourself from negative emotions, worries, save time, and the liquidation will be handled by lawyers under an agreed plan.

MORE ABOUT THE SERVICE OF LIQUIDATION OF CHARITABLE FOUNDATION IN KIEV

Charitable activity by the legislation of Ukraine recognized voluntary assistance, personal or property nature, not providing for the receipt of profit by a person engaged in charity.

Charity Fund - an organization acting on the basis of the charter, managed by its participants, who have no obligation to transfer the association of their assets. The assets are formed by both the participants and others.

Service of liquidation of the charitable Foundation in Kiev can be carried out by voluntary liquidation, as well as forced liquidation.

THERE ARE TWO FORMS OF CLOSURE OF THE ASSOCIATION ENGAGED IN CHARITY:

• Reorganization - transfer of rights and obligations to legal successors.
• Liquidation - complete cessation of existence.

STAGES OF LIQUIDATION OF A CHARITABLE FOUNDATION IN UKRAINE

Since the fund is a legal entity, its closure involves two stages: preparation and state registration. At the stage of preparation:

1. At the general meeting, a decision is taken on the termination of work, a liquidation Commission is appointed.
2. Inventory is carried out, dismissal of employees is formalized. A liquidation balance sheet and verification documentation are drawn up and approved. The papers are sent to the archive for storage.

THE FOLLOWING DOCUMENTS ARE REQUIRED FOR SUBMISSION TO THE REGISTRAR:

• Application for state registration of a legal entity as a result of its liquidation;
• certificates: from the tax service on the absence of arrears of taxes and fees and a single social contribution; as well as a certificate from the archives.

When contacting us, you send us the necessary information by mail or pass at a meeting in the office in Kiev, and we draw up a power of attorney, prepare documents, register the liquidation.

The procedure for liquidation in the case of reorganization is somewhat different: a protocol is drawn up, a new version of the charter is approved, other documents are drawn up, which confirm the re-registration of rights to the charitable organization.

OUR SERVICES INCLUDE:

1. consulting;
2. organizing a general meeting;
3. preparing documents and submitting them to the registration authority;
4. receiving and transmitting the notice of liquidation to you.

WHY DO CLIENTS CHOOSE LEGAL SOLUTIONS FOR LIQUIDATION OF CHARITABLE FOUNDATION (KIEV)?

• We provide an opportunity to close the fund in the shortest possible time.
• Active participation of the customer in the liquidation is not required.
• Employees are attentive to customers, take into account all the important nuances of the case.

Express liquidation with the transfer of rights to other persons takes 2 working days, full closure - from 2 to 8 months.

The cost of the service depends on the complexity of cases, the final price specify the lawyers.

If your organization is threatened with closure by court decision, contact us. Competent consultations of specialists will help to avoid an unfavorable outcome of events.

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