This post from the Nonprofit Hub blog provides a list of helpful things to think about for those who are interested in starting a nonprofit.
This blog was sponsored by BryteBridge Nonprofit Solutions
Starting a nonprofit organization is a rewarding experience. Nonprofits meet the needs of underserved populations and ensure no one goes without essential services. But starting a business of any kind, especially a nonprofit, requires planning and preparation. Here are nine things every nonprofit startup needs to know.
1. You Can’t Do This Alone
Every nonprofit organization requires at least three unrelated board members. While you might want to do all of the work for your organization, it’s essential to find a team of people who share your vision. Make sure everyone also shares the workload, too.
2. Nonprofits Are Legal Corporations
Every nonprofit organization is a legal corporation, registered with the state and federal governments. Incorporation sets the organization up for legal operation in the state. It prepares the nonprofit to file for federal tax-exempt status. The process for forming a legal corporation varies by state. Generally, it requires Articles of Incorporation and a federal Employer Identification Number (EIN). Once established, nonprofit corporations can open a bank account, rent an office, and begin operations. In most cases, however, you cannot yet ask for public donations.
Read more at: https://nonprofithub.org/9-things-every-nonprofit-startup-needs-to-know/
