Making and creating a non-profit organization that fits into the 501c3 tax exemption is really a large endeavor that many individuals dream and aspire to. It is a noble dream, filled with visions of helping those in need and doing great for the globe a little at a time, however it is also sometimes a delusional one. Delusional in the sense that some aspects of being a non-profit are overlooked, whilst others are ignored completely. Getting a 501c3 non-profit reality check is essential sometimes to really be ready for the objective of having one.
No One does it Alone
The main thing to remember about making a non-profit organization is that no one, completely no one can create one alone. Most states need a board of directors to even become one, whilst other people need a partnership. Even if they didn?t, the sheer procedure by which a small group should turn out to be a non-profit organization will require legal advice, monetary guidance and, of course, employees or volunteers. The reality is that no one does or can create a 501c3 non-profit by themselves.
Much more Business than Pleasure
When dreaming of a non-profit business, 501c3 tax exempt and helping other people in any way they are able to, it?s frequently dreamed of only the pleasure of giving aid to other people and no business tasks needed. This is, nevertheless, completely untrue. The reality is that with non-profit organizations that attain 501c3 tax exempt status, it?s much much more business than pleasure. Sadly for those that want to do great, the business side of the organization is what keeps the pleasure side moving, and that side requires an extensive amount of work, consultation and completion, not just at the startup but all through the organization?s run.
Thinking Local First, then Global
A final reality check for those that are attempting a non-profit organization is that changing the globe starts much closer to home than you think. Local individuals, local community members and local volunteers keep the non-profit moving forward, even if the aid and services are given halfway across the world. Keeping this in mind is essential.
None of these reality checks mean which you shouldn?t try to startup a non-profit ? with out them, the world would be a much sadder place, in fact. They simply mean that you shouldn?t go into it blindly thinking it?ll be all fun and no business, when in reality it?s a lot of tough work to do the positive in the globe you need to do.
Nonprofit Legal Center provides suggestions and resources for you to learn more about how to start a 501c3 and 501c3 nonprofit organizations.
Source: http://www.blogmusketeer.com/?p=28170
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