[WSBARP] Corporation Gurus

[Robert Pampell]

That approach seems sound to me.  The corporation is subject to
administrative dissolution, but the Secretary of State obviously has not
done that and probably has no interest in doing so.  Not having faced this
question, I suppose it is possible that filing the amendment might attract
some questions from the Sec of State staff, but I doubt that would happen as
well. 

 

The main issue may be whether the amendment would have to be reported in the
corporation's Form 990 and whether that would imperil their tax-exempt
status - questions for their CPA or whoever prepares the 990.

 

Bob Pampell

 

Robert Pampell, Attorney

21st Century Law Office (r)

19125 Northcreek Parkway, Suite 120

Bothell, WA 98011

voice: 425-329-2629
fax: 877-640-6403
cell: 425-501-4784
email:  <mailto:rpampell at swcp.com> rpampell at swcp.com

 <http://www.linkedin.com/in/robertpampell>
http://www.linkedin.com/in/robertpampell

 

 

 

From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Craig Gourley
Sent: Tuesday, November 21, 2017 2:16 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Corporation Gurus

 

Listmates,  A local nonprofit has approached me with a question that I don't
know the answer to.  I am hoping the corporate types on the list can shed
some light.   Nonprofit corporation in incorporated in 1932 with a sunset
date of 50 years.   Naturally nobody is paying attention. They dutifully pay
their annual fee and are today considered an active corporation by both the
State and Federal government.  Corporation holds substantial amounts of real
property, buildings and personal property assets. 

 

Should they file amended articles stating they are now perpetual and ratify
all actions back to 1982?  Any other better solutions?   Both the nonprofit
and I appreciate any enlightenment.  Craig 

 

Gourley Law Group

Snohomish Escrow

The Exchange Connection

 

1002 10th Street / PO Box 1091

Snohomish, WA 98291

 

360.568.5065

360.568.8092  fax

Craig at glgmail.com <mailto:Craig at glgmail.com> 

 

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