For social entrepreneurs and individuals looking to start-up their own social or charitable companies, choosing the right legal form for their business matters greatly. Registering as a non-profit corporation offers plenty of advantages including tax exemption, limited liabilities, access to grants and the prestige of a formal structure. But what exactly is a non-profit?
Finding a company name has caused many a headache: How can you choose a name that’s compelling and imaginative, and at the same time succinctly describes your line of business? What’s more, it needs to comply with legal requirements. We explain how to choose an ideal business name and what you should keep in mind.
Whenever you have contact with the IRS, you are required to provide a tax identification number, often abbreviated to TIN or tax ID number. There are many different types of TIN, so it can seem like a lot of administrative work to apply for the right one. Find out which one you need and how to apply for the right TIN here.
Before registering a business, every entrepreneur is faced with the same question: Which business structure should I choose? So that you can answer this question with confidence, it’s best to know the difference between a corporation and a partnership. Here, we’ll introduce you to the many different types of corporations in the United States and how they differ in their rights and regulations.
Around the world, hundreds of thousands of companies exist without the purpose of producing a profit. What defines these so-called nonprofit organizations (NPOs)? Here, we explain what a NPO is and explain the various areas of activity of nonprofit organizations, as well as why managing one is so special. Read on to also learn more about the challenges NGOs are currently facing.
The decision has been made: You want to start a charity and make your money work for a good cause. But: Right from the start you’re confused by the different legal requirements. Don’t worry though, these rules are pretty straight forward once you get your head around them. Apart from this, the process of starting a charity is almost the same everywhere. We’ll explain to you how it works.
When starting a business that aims to educate people or help them with religious guidance, the appropriate form for your business may be a charity. Charitable organizations are types of businesses that have a clear aim, and that are funded publicly. This article explains what a charity is and what differentiates it from other types of businesses.
If you’re planning to set up an online store, you have a lot to consider. Amongst other things, your checklist will include applying for a business license, developing a concept, and calculating your finances. But don’t despair! A host of webstore programs and optimization functions are on hand to help you succeed.
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimize your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.
Starting a business can be challenging. In this category, prospective entrepreneurs will find everything from coming up with a sustainable idea and creating a strong business plan, to funding, legalities, and the key steps required to get a project off the ground.