Having an idea for a new nonprofit is not the same as actually starting it. In many ways, it’s just like starting a small business, including incorporation, hiring the right people, and selecting officers and the board of directors. If you’ve been working on your ideas and are ready to take … [Read more...] about Nonprofit Fiscal Sponsorship in Chicago, IL
If you are a non-profit organization and solicit donations in other states, you need to register your organization with that state. This is an often-overlooked regulation when soliciting donations. If you don’t register your Illinois nonprofit with the state where you are soliciting … [Read more...] about Do You Need to Register Your Illinois Nonprofit in Other States?
Choosing a structure is a vital step when starting a business. In many instances, choosing the wrong entity type can mean incurring additional tax and legal liabilities. In addition, you could be faced with dealing with a series of ineffective operations which can have devastating effects. Before … [Read more...] about Why You Should Never Choose a Business Structure Without Talking to a Chicago Business Lawyer
Whether you just started a nonprofit or are working with a few others to get one started, you may have considered incorporating. It requires some paperwork and can be a bit complicated, but for many nonprofits, it is well worth the effort. If you are unsure whether incorporating is best for your … [Read more...] about Why Should a Chicago Nonprofit Incorporate?
Starting a nonprofit isn’t something you just do one day—it’s a complex administrative process that allows you to begin operating and fulfilling your mission. Every nonprofit is different, and any changes will have to be made carefully and with counsel to make sure the organization is compliant with … [Read more...] about Want To Change Your Business Structure? Know These Things First