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

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:

• Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity
• Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series
• Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch
• Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow