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How to start a non-profit business?

How to start a Non-Profit business?

  • Looking raise money to help. What do I need to know and do

  • Answer:

    Go first to your Secretary of State and apply for a non profit legal structure. Then get 501C3 certification from the IRS I have found a website that compiles various resources on starting a non profit. I especially like the Minnesota Council of NonProfits because the site gives information on governance, developing strategic alliances, fund raising and other ingredients of successfully running a non profit. http://www.lib.msu.edu/harris23/grants/znpbib.htm As for funding your non profit, I suggest you check out Foundation Center to help you gain ideas on how to properly establish your organization and get support from private foundations. They have the most extensive database of private donors, and they publish a magazine that can be very helpful to your new non profit. http://fdncenter.org/getstarted/tutorials/establish/index.html I was previously involved in the setup of a non profit, and we were able to get a pro-bono lawyer who set up everything for us, including getting the 501c3 tax status. Contact other non profits in your area and check if there are lawyers willing to work for free to get you started. For detailed information on how to start a non profit, I suggest you read the following books: - Starting and Running a Nonprofit Organization -- by Joan M. Hummel - Starting and Running a Non-Profit Made Easy by Entrepreneur Press, David H. Bangs - Starting & Building A Nonprofit: A Practical Guide by Peri Pakroo

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business school??

curiouscuestioner

You have to register yourself as a 503 C corporation in the state you want to operate. There are certain rules in terms of what activity can be conducted within non-profit area--e.g. I think charity that only benefits one person may not be eligible.

paanbahar

first you must: Understand what a nonprofit is: an organization whose primary objective is to support some issue or matter of private interest or public concern (such as the arts, charities, education, politics, religion, research, or some other endeavor) for non-commercial purposes. There are different kinds of nonprofits, one of them being a 501(c)(3), which is exempt from income and (sometimes) property tax, and able to receive tax-deductible charitable contributions. Before you spend your money, at least consult with an attorney who is experienced in the area of nonprofit law so that you do not make one of the many major mistakes that people make when they try to incorporate by themselves.

Kathryn L

First you must be, or become an American Citizen.... Then it's almost guaranteed that you won't have any profit.

Broken Hearted Cowboy

If your serious about it you should get a government grant. They would be more willing to help you if your non profit. This site has a program to help you don't get turned away like a lot of people for not having the proper resources when you need them.

Sarah H

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