Starting a Nonprofit

South Piedmont's Small Business Center is partnering with SCORE on a nonprofit webinar series! This is the first session of a three part series. Join us for one or all three sessions.

Description: Starting a nonprofit 501(c)(3) public charity is not a decision to be taken lightly. Public charities are subject to federal and state rules and regulations that are not imposed on “for-profit” small businesses, including how they will generate income. The purpose of this workshop is to help newly established and potential nonprofit founders gather information needed to make an informed decision on how to move their charitable missions forward.

What you’ll learn:

• Fundamental differences between a nonprofit, social enterprise, and for-profit business.
• Fundamental differences between a public charity and a private foundation.
• The 7 steps needed to form a 501(c)(3) anywhere in the U.S.
• How to determine which IRS 1023 application to use.
• Key activities to position your public charity for income and sustainability.
• Activities that may risk your 501(c)(3) tax-exempt status.
• Nonprofit resources and support.

ATTENTION: Dual registration is required for this partner event. Once you submit your registration with the SBC you will be prompted to CONTINUE to register with SCORE. Please complete that step so you will receive the link to the session from their Zoom platform.