If you have an great idea, it’s time to take action!

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Do you have an idea that will promote social change like a charity or a grant foundation but don’t know where to start? If you want to make a change that will be viable and successful, a good way to start is by making a non profit organization. 


One of the main fears about manifesting your great idea is the issue of money. There are many reasons to start a nonprofit organization and one of them is the
funding options available under non-profit status. According to Heather Huston, as a non profit organization, you can obtain limited liability protection. The LLC status protects you, your directors, officers, and members if you have them from being held personally responsible for their company’s debts and liabilities. This benefit leads to less fear in starting a business. Your organization can also be federal and state tax exempt as a non profit. Also with non-profit status, you will have more access to different grants only accessible by 501(c)(3) non profit organizations.


A support system is also important when starting any business. With a non profit organization a board of directors is mandatory for success. A requirement for gaining non profit status is also appointing a registered agent to the organization. A registered agent will ensure proper treatment of the critical, time-sensitive court documents that will be served in the event the nonprofit is sued. Having an individual who knows how to navigate the complicated legal paperwork can be a huge comfort and advantage when starting a new business.

If you would like to read more about the benefits of non profit organizations, check out these links here!
https://www.investopedia.com/articles/investing/110215/pros-and-cons-being-nonprofit.asp
https://www.wolterskluwer.com/en/expert-insights/the-benefits-of-forming-a-nonprofit-company

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