#125: Non-profit corporation: A good idea for my business?

Season #1

Josh and Amelie discuss the idea of setting your business up as a non-profit. When might this be the most advantageous thing to do?

Top things to think about:

  • Non-profits are corporations who have filed for exempt status (typically 501c3, but maybe not!).
  • You have to have a board of directors in a non-profit.
  • Think about what your goals are, and then determine if those align better with a for-profit model or a non-profit model.
  • Consider how much money your clientele make–do they make enough to pay you for your services? If not, can you create a non-profit where someone else can pay?

Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey: