by Patrick Bradley: Almost every state has an ongoing nonprofit annual report requirement for nonprofit corporations such as churches. This is business you need to take care of regularly. Or this could happen…
Almost every year I get a panicked phone call or email from one of my churches. They’ve gotten a notice that their corporation was suspended or dissolved and they don’t always understand why. The nonprofit annual report has always been the problem. Or, rather, them not filing one when it was due.
In case you were still wondering, getting your corporation get shut down by the state is not a good idea. It’s usually fixable, but what a hassle! You’ll spend about as much time getting it reinstated as you did filing the original paperwork to get incorporated in the first place.
Filing your nonprofit annual report on time is a much easier way to go.
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Source: What Happens When You Don’t File a Nonprofit Annual Report with Your State