Liquidation of non-profit organization

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The liquidation of a non-profit organization (NPO) is a rather lengthy and time-consuming process, requiring the execution of a considerable number of documents and interaction with state authorities. The situation is further complicated by the fact that non-profit structures may be registered as a company or may not have the status of a legal entity, and the liquidation procedure in both cases will be different. In addition, the process of termination of various forms of non-profit organizations has its own nuances.

Non-profit organizations in Ukraine are recognized as companies whose activities are not related to the receipt of profits, the founders can only be individuals. Non-profit organizations, in particular, include:

• charitable foundations;
• religious organizations
• public associations;
• trade unions
• political parties;
• CONDOMINIUM ASSOCIATIONS;
• cooperative associations.

Legal Solutions specialists have deep and comprehensive knowledge in the field of corporate law, registration and liquidation of NGOs of any form, will help to close a non-profit organization as quickly as possible and with accurate compliance with the law. We work with clients from Kiev, other cities of Ukraine.

Peculiarities of termination of NPO

Liquidation of an autonomous non-profit organization or its branch is carried out in connection with:

• impossibility to achieve the set goals;
• insufficient funds, property to achieve the goals.

Liquidation is possible both on a voluntary basis and forcibly, by court order. An alternative to complete termination of the association's activities is its reorganization, when the rights and obligations of the company and its property are transferred to legal successors.

In case of liquidation, the income and property of the NPO are transferred to another non-profit organization or to the state budget.

Procedure for liquidation of NPOs in Ukraine

For organizations that are not registered as a legal entity, the procedure is extremely simple: it is enough to notify the territorial Department of Justice of the decision to terminate the activities of the territorial Department of Justice and entering information in the Unified State Register. For non-profit structures registered as legal entities, the process consists of several stages:

1. Formation of the liquidation commission.
2. Adoption of a decision regarding the assets of the formation.
3. Publication of an announcement about the termination of activities in the media.
4. Notification of the closure of the association of creditors, tax officials, the Pension Fund.
5. Closing of the bank account.
6. Submission of liquidation documents to the state registrar.
7. Adoption by the registrar of the decision to liquidate the NPO, entering data into the registers.

From the documents it is necessary to prepare the charter, the original and a copy of the registration certificate, primary documentation, the decision on self-dissolution.

Termination of the activities of non-profit organizations takes up to 80 days. To simplify the procedure, order the service in the company "Legal Solutions". To close the organization with minimal participation on your part, it will be necessary to issue a power of attorney. To learn about the nuances of cooperation you can call us by phone or ask questions to the manager in the online chat.

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