Many of us enjoy the satisfaction that comes from working with a charitable organization, but often we do not realize the substantial work that goes into forming and operating a non-profit organization. Sometimes when a group of people come together with a common charitable mission in mind, they believe that the appropriate first step is to form a non-profit organization. This is not always the right thing to do. Before deciding to form a non-profit organization, organizers should answer these 10 questions in order to see if forming a not-for-profit organization is really necessary:
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Posts Tagged ‘charitable organizations’
Ten Questions to Ask Before Starting a Non-profit
Friday, September 23rd, 2011Ten Questions to Ask Before Starting a Non-profit
Friday, May 21st, 2010Many of us enjoy the satisfaction that comes from working with a charitable organization, but often we do not realize the substantial work that goes into forming and operating a non-profit organization. Sometimes when a group of people come together with a common charitable mission in mind, they believe that the appropriate first step is to form a non-profit organization. This is not always the right thing to do. Before deciding to form a non-profit organization, organizers should answer these 10 questions in order to see if forming a not-for-profit organization is really necessary: (more…)
Non-Profit vs. a Charity: What’s the Difference?
Friday, May 14th, 2010In ordinary discussions of different kinds of charitable organizations, the terms non-profit, not-for-profit, charity and foundation are often used interchangeably. However, each of these designations has legally distinct meanings and can differentiate between the legal status of these organizations. First, it is important to note that not all groups and associations that do “good work” are separate entities at all. Some are simply non-chartered groups of individuals who get together to do something without formal legal action. Even though they might have a separate name for their group, the entity does not have a separate legal existence from its members. (more…)