Chapter 2

Understanding What It Takes to Start a Nonprofit

IN THIS CHAPTER

Bullet Weighing the benefits and drawbacks of starting a nonprofit

Bullet Starting your nonprofit the right way

Bullet Embracing the understanding of nonprofit ownership

Bullet Surveying the different types of nonprofit organizations

Bullet Knowing the difference between nonprofit and for-profit corporations

Bullet Enlisting a fiscal sponsor to help you provide a service or complete a project

Maybe you’ve been thinking for years about starting a nonprofit organization, or maybe an idea to solve a social problem or provide a needed service has just popped into your head. It might be time to make your idea a reality. But before you file the incorporation papers, you need to consider the positive and not-so-positive factors that can make or break your new organization. As with opening any business, starting and managing a nonprofit organization isn’t ...

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