Seven steps to start a nonprofit: register your name, appoint a board, draft bylaws, file articles of incorporation, get an EIN, apply for 501(c)(3) tax-exempt status (the hardest part), and file annual returns. A 50-item checklist is available to download.
How do you set up a nonprofit? There's a 7-step checklist that we have you can download. There's 50 bullet points. I will read for you the 7 steps. So step 1, you need to register your nonprofit organization name with your state. Then you're going to appoint a board of directors. Then you're going to create bylaws. Then you're going to file articles of incorporation. You're going to obtain an EIN. You're also then going to apply for tax-exempt status. This is the hardest step. It's crazy how many pages you need to fill out to get 1 page back saying we accept you as a 501. Step 7, ongoing compliance. Make sure you're filing your annual nonprofit returns. Make sure that you're handling the cash flow of the money in and out of the business according to IRS rules. There you go. Those are the 7 steps. If you want the full checklist, please download it below. And as always, we appreciate comments, liking, subscribing, sharing, and remember, IRS sucks.
