Non-Profit Organization: Let’s build a Helpful World

  • 13th Aug'20
  • 222
  • 15
  • 0

A few people of integrity can go a long way.

 

What is a Non-Profit Organization?

 

The non-profit organisation is a business that has been granted tax-exempt status by the Internal Revenue Service because it works for the social cause and provides a public benefit.

Many people dream of starting a non-profit organisation to serve their goals and this is completely possible to do from your doorsteps. These organisations of the community through education, direct service or charity and reciprocally  doesn’t need to pay any taxes that for-profit businesses pay.

To understand more about non-profit organisation read the links below:

https://www.learningtogive.org/resources/nonprofit-organizations-definition-and-examples

https://www.patriotsoftware.com/blog/accounting/what-is-a-not-for-profit-organization/

 

How to start a Non-Profit Organization?

 

Before starting a business one of the most important part of running a business is planning it out. To achieve your set goals and improve the transfer success one need to take care while choosing a business in selecting product and services that are in demand.

To start a non-profit organisation certain planning is down beforehand to achieve their goals.

Click on the links to understand how to start a non-profit organisation:

https://www.councilofnonprofits.org/tools-resources/how-start-nonprofit

https://www.incorporate.com/starting-a-business/nonprofit-corporation/

 

Non-Profit Organization Checklist

 

Starting a non-profit organisation is an exciting and rewarding venture. During the beginning phase, hard work and self-confidence can take you to the top. Along with it, a proper sketch and framework are required before starting a non-profit organization. There is a long checklist to be taken into consideration before jumping into a Non-Profit business.

Read the links attached to understand about non-profit organisation checklist:

https://www.harborcompliance.com/information/nonprofit-startup-checklist

https://smallbusiness.findlaw.com/incorporation-and-legal-structures/checklist-starting-a-non-profit-corporation.html

https://www.usa.gov/start-nonprofit

https://www.boardeffect.com/blog/checklist-for-starting-a-nonprofit-organization/

 

Cost to Start a Non-Profit Business

 

Starting a non-profit business can be profitable. However, the longest non-profit corporation is organised and operated for a recognised non-profit purpose. If it has secured an exact tax exemption, it can take in more money than spends to conduct its activities. Thus, this is can make a profit.

A non-profit organisation can be started either with a large amount of money or with no money. All require dedication to help the needy ones.

For further details, read the links attached below:

https://nonprofithub.org/starting-a-nonprofit/how-much-money-do-you-need-to-start-a-nonprofit/

https://www.thebalancesmb.com/how-much-does-it-cost-to-start-a-nonprofit-organization-4779852

To start a non-profit business internationally. Read the link below to get the complete insights:

https://smallbusiness.chron.com/start-international-non-profit-15775.html

 

Tips to start a Non-Profit Organization as a Teenager

 

Starting a non-profit business might sound intimidating, but the process of fairly straightforward. It is considered to be a noble step. If a teenager is willing to start a non-profit organisation, it may be difficult. But, nothing is impossible. In fact, a teenage is must more pumped and enthusiastic to achieve their goals and this energy can lead them to attain whatever they want.

Click on the links to understand some tips and tricks to start a non-profit organisation as a teenager:

https://www.hg.org/legal-articles/can-a-minor-start-a-non-profit-organization-legally-45619

https://trust.guidestar.org/blog/2012/12/03/20-successful-nonprofits-started-by-students/

https://bizfluent.com/way-5325616-ideas-nonprofit-businesses.html

https://www.parentmap.com/article/nonprofits-started-by-kids-volunteering

 

We, at OpenGrowth, are committed to bringing the latest trending startup ideas around the world. Do let us know if you want us to cover a particular topic.

About the author: Sareen Yasmin

Her passion includes creative writing, reading and playing around words. She is looking forward to bringing some change with the power of pen and thoughts. Mic and pen are her best friends.

 

*Note: The content published above was made in collaboration with our members.

About the author:

Editor , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


Post Your Comment