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Mutual Benefit Nonprofits A mutual benefit nonprofit corporation is formed solely to benefit its own members. Unlike religious or public benefit nonprofits, the purpose of the mutual benefit nonprofit is not to benefit the public at large, but rather a very specific group. The other major difference is that the revenue... View
The State and Your Nonprofit The relationship between your nonprofit and the state starts as soon as you file your articles of incorporation with the secretary of state, and continues on throughout the duration of your nonprofit’s life. Here are the ways in which your nonprofit corporation will need to interact with... View
Public Benefit Nonprofit Corporations A public benefit nonprofit corporation is what people think of when they think nonprofit.  It is a charity that is advantageous to the public at large, meaning that anyone could benefit from the actions of the nonprofit.  View
Religious Nonprofit Organizations and Churches Religious nonprofit organizations are created at the state level like any other nonprofit; the difference being that they are formed for religious purposes. Generally, religious nonprofits are exempt from certain taxes—such as the income tax—and most religious organizations can file... View
Balancing Nonprofits and Paid Employees To many people, the idea of earning an income from a nonprofit organization seems absurd. However, many successful, tax-exempt nonprofits have paid staffs. Some nonprofits even offer executive salaries and benefit packages that rival those of big for-profit corporations. If this seems... View
9 Steps to Starting Your Own Nonprofit If you are passionate about improving your community or desire to make a difference in the world, then forming a nonprofit corporation could be the right choice for you. A nonprofit is just that—not for profit, which means any extra profit and income may not be divided up and distributed... View
Podcast: Business Planning Strategies for Entrepreneurs The SCORE Small Business Success Podcast features interviews with the best and brightest in the world of small business, covering topics such as business plans, financing, marketing, human resources, SEO, social media and more. Listen to this podcast to hear SCORE mentor Hal Shelton share his... View
Financial Projections Template Download this financial projections Excel template to calculate your startup expenses, payroll costs, sales forecast, cash flow, income statement, balance sheet, breakeven analysis, financial ratios, cost of goods sold, amortization and depreciation for your small business. View
What You Must Know About Business Valuation What’s your business worth? That’s a potentially important question for many reasons, not just selling. But most owners have only a vague idea of what their business would really be worth. And most of those who think they know are probably wrong. View
Choosing the Business Idea That’s Right For You: 4 Important Questions to Ask For a certain breed of entrepreneurially-minded people, coming up with new business ideas is like a never-ending parlor game. They come to you at the grocery store, in the shower, and over dinner. You start way too many sentences with the phrase, “I have a business idea.” You even get... View