NPO Incorporation


From CSfilingNH1REG.pdf page 13 article IX dissolution

"The Directors shall have the power to dissolve the corporation by a majority vote of all the Directors".

Upon dissolution of the corporation, all of its assets shall be distributed by the Director to or for the benefit of other non-profit, tax-exempt organizations, whose charitable, scientific, or educational purposes are the same as set forth in the Articles of Agreement, as amended. Any of such assets not so disposed shall be disposed of by the Superior Court of the County in which the principal office of the Corporation is then located exclusively for such purpose or to such organization or organizations as said court shall determine which are organized and operated for such purposes.

Article II

Said organization is organized exclusively for charitable, religious, educational, and scientific purposes, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under sections 501 (C) (3) of the Internal Revenu Code or corresponding section of any future federal tax code.

No part of the net earnings of the organization shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the organization shall be autorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purpose set forth in the purpose clause hereof.  

Article X Amendments

These By-laws may be altered, amended, or repealed by a vote of [at] a majority of the Directors present at any annual or special meeting of the Corporation duly called for that purpose provided that the notice of such meeting shall include such proposed alteration or amendment.

Articles of Agreement - Article 6

The amount of capital stock, if any, or the number of shares or membership certificates, if any, and provisions for retirement, reacquisition and redemption of those shares and certificates are: none"

Page 28 "Part III Line 10 Assets
. The only assets of CouchSurfing are one laptop Computer valued purchased at $1,660 and the website and the intellectual property interest in the computer code that composes it. No appraisal of the value of the website exists. Furthermore, we do not know how to value it as opinions vary greatly on the valuation of intellectual property. It could cost anywhere from $250,000 to $2,500,000 or more to develop a similar site."
Couchsurfing Knowledge Base,
Sep 18, 2011, 8:47 AM
Couchsurfing Knowledge Base,
Aug 30, 2011, 6:02 AM