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The downsides of starting a nonprofit organization

Candid

You may also have legal fees and operational costs, such as office space, salaries, and insurance. Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs).

Liability 106
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Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

If you plan to serve alcohol (where permitted), check local regulations and appropriate insurance needs. How to do it: Companies like Happys Circus tour around and can be booked for a day. Memory Books: Compile photos, teacher messages, and well-wishes from classmates. Organize a raffle with prizes donated by local businesses.

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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. There’s always that possibility. We’ve seen it time and time again.

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Importance of Estate Planning: Why You Need an Estate Plan

Planned Giving

It’s like an insurance policy for your life, not just your death. One minute you’re living on ramen in your college dorm, the next you’re shopping for life insurance. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. But let’s get real: Life is unpredictable.

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Online Waiver Software: Our 6 Favorite Providers Reviewed

Fundly

Why This Online Waiver Software Made Our List While CityGro may have slightly less functionality in the waiver creation process than other waiver-specific providers, it’s a perfect solution for businesses looking to enhance their marketing strategies and retain more customers through the use of digital liability waivers.

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Should You Accept ANY Type of Nonprofit Donation? (And How Should You Gracefully Decline a Gift?)

Get Fully Funded

But from time to time, a donor will offer you something else: stock, bonds, exchange-traded funds (ETFs), cryptocurrency, an acre of undeveloped land, a house, a boat, a car, a painting, a sculpture, a rare book, a musical instrument, or something else that makes you scratch your head. Should you say “yes” and take the donation?

Donation 119
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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Most AVOs don’t have employees, although they may pay people for some non-managerial work, such as refereeing at a youth soccer league, square dance calling at a dance club, or handling the distribution of books for a poetry society. These people are typically classified as “independent contractors” rather than employees.

Budget 84