Results 1 to 5 of 5
  1. #1
    Member
    Join Date
    August 4th, 2005
    Location
    Arizona
    Posts
    134
    Starting a Non-Profit 501(c)(3)
    Has anyone had experience with starting a non profit company?
    I am thinking about starting a foundation and I am wondering how hard and time consuming it will be to do all the start up papers.

  2. #2
    Affiliate Miester my2cents's Avatar
    Join Date
    January 18th, 2005
    Location
    far far away....
    Posts
    2,161
    I havent but I know serveral people who have...

    the best advice... you can get.. is seek the advice of a good attorney and accountant before you leap... then pay to have it done.. (created) if you make the slightest error in setting it up and getting started... you'll be plagued with problems from the IRS forever....

    Joe
    ++++++++++++++++++++++++++++++++++++++++++
    that's my2cents, 'cuz I'm a legend in my own mind....

  3. #3
    Troll Killer and best Snooper!
    I decide when the pigs fly!
    Rhea's Avatar
    Join Date
    January 18th, 2005
    Location
    New York, USA
    Posts
    6,195
    John Ambrose, that typo has me stumped. Do you provide "free legal consolations" or "free legal consultations?"


  4. #4
    Newbie
    Join Date
    January 17th, 2005
    Posts
    1,537
    Go to your local library and check out some books on how to start and run a non-profit. Plus you can probably buy "Non-Profits For Dummies" or something like that title at any bookstore.

  5. #5
    Member Gil's Avatar
    Join Date
    January 18th, 2005
    Location
    Connecticut
    Posts
    161
    "Has anyone had experience with starting a non profit company?
    I am thinking about starting a foundation and I am wondering how hard and time consuming it will be to do all the start up papers."

    I used to work in the nonprofit sector. Here are the steps you need to follow and who you MUST invite to join your board of directors. Form a Board of Directors and invite your local banker (bank branch manager is ok), and an attorney (who can complete the federal application for your 501 (c)(3) certificate as pro-bono). Once you have a board of 10 - 12 people you need to draft your mission statement (which will be submitted to the fed. govt. with the application). You should make sure the members of the baord are well qualified since when requesting funds from a foundation they will look at the board's qualifications. The fed. govt. will send you a letter once you have been appproved as a 501(c)(3), the certificate can take 6 mos. If you solicit funds from a foundation, before your certification (certificate) arrives you must include a copy of the certification letter from the govt. Hope this helps.

    Gil
    A. Gil de Lamadrid
    eCommerce Manager
    Consumers Interstate Corporation

  6. Newsletter Signup

+ Reply to Thread

Similar Threads

  1. 501 and 505 errors....
    By Rexanne in forum ShareASale - SAS
    Replies: 53
    Last Post: October 29th, 2007, 07:36 AM
  2. 501(c)(4)
    By tivid10 in forum Business & Legal Issues
    Replies: 4
    Last Post: March 7th, 2007, 12:10 PM
  3. Profit
    By Hollyana in forum Commission Junction - CJ
    Replies: 1
    Last Post: February 10th, 2007, 04:43 PM
  4. Nothing To Do With Profit..
    By SuZee in forum Midnight Cafe'
    Replies: 2
    Last Post: December 24th, 2004, 08:25 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •