Beginning A 501c3 Non-Profit Organization

Wanting to spend your life making a distinction, helping those in need and enjoying a lifetime of community aid and charity is an incredible way to spend a life. However, it is not as simple as renting out office space and getting began. To be able to turn out to be a 501c3 non-profit organization eligible for tax exemption and make a difference, there is a procedure to wade through. Though it can be tricky, knowing what you are performing it for, working out the business specifics and enlisting help can get you through that process and on to helping those that need it.

Know Your Mission

The single first thing to do when contemplating the creation of a non-profit organization that falls under a 501c3 tax exemption is to strategy out why you're performing it. Think for a whilst about what you'll be providing inside your organization - is it resources, needed products, required services? Compare the services of a women's shelter to that of an overseas food drop organization to get an idea of how different non-profits are. Writing your plan and objective in a mission statement is a fantastic method to get it on paper and keep it in mind as the paperwork begins.

Work out the Business

Like it or not, non-profits, even (and maybe especially) those that fall under the 501c3 eligibility require an extreme quantity of "business" tasks. Initial among these are applying for 501c3 exemption, articles of incorporation, and applying for a EIN (employer identification number). The paperwork involved in being a not-for-profit business in which most of the profits will go directly back into the company is fairly impressive, and working it out can mean the distinction in a successful non-profit and one that has been closed down due to faulty records.

Enlist Help

Because of the main resources it takes and also the business tasks involved with applying and qualifying for a 501c3 exemption non-profit organization, enlisting help is important. No one can go via this process entirely by themselves, especially because an attorney is needed for some of the paperwork. Also, many government resources and community aid for emerging non-profits are available for those that enlist the help of the right individuals.

All of these considerations are essential when contemplating a move into the world of 501c3 non-profit organizations. The process isn't an easy one, but it does not have to be so impossible that your non-profit fails before it gets started, either.

Nonprofit Legal Center provides tips and resources for you to discover much more about starting a 501c3 and setting up a 501c3 organizations.