Time Estimate for Starting a Non-Profit
I’ve been working on starting a non-profit to focus on personnel development and management coaching. The idea is that we can make organizations more impactful by making the people in it more impactful. Anyways, my co-founder and I decided to move ahead with this (yay!), so of course, my first step was to incorporate. MD has a great online tool for filing new entities, as does the IRS. As I filled in the forms, I used ChatGPT to answer any questions I was confused about. Now my application is submitted, along with a dual application for a payroll tax account and an unemployment insurance account, and I have an EIN. The total cost was $220 and it took less than an hour.
Now, this naturally doesn’t include the months of discussion and planning, and I have further paperwork to do to be able to receive donations, but the bulk of the work is done.
That’s it—it’s easy!
I’m happy to help if anyone needs guidance—feel free to PM me or send me an email!
You do 501c3 or just the incorporation?
Based on cash outlay, I assume there was no 501(c)(3) application involved yet.
Not yet, no. That comes next, once we have the articles of incorporation.