What is a Nonprofit Corporation - 501c3 Status
A nonprofit corporation can be a great way to help groups of people or organizations that may otherwise may be struggling. The term nonprofit gets thrown around a lot, but what exactly is a nonprofit and how do they work? In this video we will go over what a nonprofit organization is and how they differ from other business structures.
🎗 For our detailed guide on how to form a nonprofit in all 50 states, go to:
https://startupsavant.com/how-....to-form-a-nonprofit?
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What is a Nonprofit Corporation:
0:00 Intro
0:26 The purpose of a nonprofit
1:15 bylaws
1:35 Directors and Officers
2:24 Tax Exempt
2:50 Misconception One - Nonprofits are only run by volunteers
3:19 Misconception Two - Nonprofits may not make a profit
3:53 Do you need to form a nonprofit?
5:21 Summary
🤷♂️ Need more information on what a nonprofit is? Read our What is a 501(c)(3) Nonprofit guide:
https://startupsavant.com/what....-is-a-501c3-nonprofi
📜 Bylaw guides and templates: https://startupsavant.com/how-....to-write-nonprofit-b
🎫 Learn more about How to Name a Nonprofit, both to make it a memorable brand name and to keep it compliant with your state's naming guidelines:
https://startupsavant.com/how-....to-name-a-nonprofit?
🌐 After this, make sure the website URL you want is available, and use our link to get a discount on it from Godaddy:
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💸 How to apply for 501(c)(3) Tax Exemptions:
https://startupsavant.com/how-....to-form-a-nonprofit#
Other Useful Nonprofit Resources:
🗂 What Records Do You Need to Keep as a 501(c)(3) Nonprofit:
https://startupsavant.com/how-....to-form-a-nonprofit#
🏛 What is an EIN?
https://howtostartanllc.com/ll....c-taxes/what-is-an-e
💼 Business Name Search:
https://howtostartanllc.com/ll....c-name-search?ref=yt
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