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Starting a non for profit
#1

Starting a non for profit

Anyone every to start a non for profit company? How hard is it in the US?
Id like to start one so I can link up with my for profit and do some mix marketing
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#2

Starting a non for profit

1. Incorporate in your state of choice
2. File a 501c election with the IRS, corresponding nonprofit declaration with state
3. Wait.

If you commingle the nonprofit business with your for-profit business you're a lot more likely to get rejected or audited.
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#3

Starting a non for profit

As lurker said these are the steps. I incorporated in Delaware it helped with corporate governance a bit. The fun part is making sure you comply properly once it's up and running. If you're starting something small a company like Foundation Source can help.

Quote: (07-15-2013 10:15 AM)lurker Wrote:  

1. Incorporate in your state of choice
2. File a 501c election with the IRS, corresponding nonprofit declaration with state
3. Wait.

If you commingle the nonprofit business with your for-profit business you're a lot more likely to get rejected or audited.
Reply
#4

Starting a non for profit

Might want to name your non profit something like Progressive Green Initiative in order to speed up the IRS process...
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