If you’re considering developing a non profit organization, there are likely countless questions running through your mind. Details on the items you will need to consider can fill multiple books, but some basics on the important items that are required in order to register your
new nonprofit are as follows:
- Draft a mission statement. The statement should describe the charitable purpose of your new organization.
- Recruit board members. You need enough board members to meet state requirements for a corporate board if you incorporate. Otherwise, focus on recruiting members for an informal advisory board that can help guide the organization.
- If you plan to incorporate, hire a lawyer to file articles of incorporation.
- Submit your application for tax exemption to the IRS.
- Retain the services of a bank that understands the needs of a new non profit
- Hire an accountant to develop a bookkeeping system.
- Purchase any necessary insurance, including liability insurance, property insurance, worker's compensation, health and life insurance benefits, etc.
- Draft bylaws and articles of incorporation that state how the non profit will operate.
- Apply for a non profit mail permit that provides a discount on bulk mailings
Developing a non profit is an arduous, though worthwhile, task. If it is something you’re considering, talk to industry leaders for guidance. People who have been there are your most valuable resource.
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