Ask Experts Questions for FREE Help !
Ask
    pop368's Avatar
    pop368 Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 2, 2011, 11:05 AM
    Trying to start a nonprofit resale business
    I am working on starting a nonprofit resale store. I would like to take donations and give support to the community. Helping the homeless, people or families in transition, and other low income or down on your lick situations that acquire more help than one may be eligible for.I want to give back to the community while eventually employing individuals and helping them to become stable. If you have any information or links that may help me on my journey they will be very welcomed.YONNIE
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Feb 2, 2011, 12:55 PM

    Have you filed as a not-for-profit with IRS?

    Where are you?
    pop368's Avatar
    pop368 Posts: 2, Reputation: 1
    New Member
     
    #3

    Feb 2, 2011, 03:24 PM
    Comment on JudyKayTee's post
    1st of all thanks for your ans. I am in Michigan and I am unfamiliar with this process so I have not done that yet. I have just been researching so to not make mistakes. I will file for this info thanks again
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Feb 2, 2011, 07:48 PM

    I would suggest that you talk with first other non profits, and then also hire an attorney and CPA to help set it up, since there will be very specific rules.

    First you will need to start an incorporation. Then you will file paper work with the IRS to become a reconised by them. Some states will require that of the state also.

    You will have to set up specific rules, by laws and set ways you are going to help those in need.

    *** also have you ever actually helped those in need. 75 percent of the "needy" people coming in your door for help will be scams of some sort. IN fact in Atlanta even on nights under freezing many homeless will not even let you take them to a shelter because they would have to bathe and not drink.

    Next are you going to apply for government grants, ( there are some for programs helping homeless and often for shelters. But often you will have to hire a grant writer to prepare the paper work.

    So how much capitol do you have to start,

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Iwish to start a business but I don't have strong finincial baground for business [ 5 Answers ]

I am willing to start a business but I don't have strong baground of business famally or good finiancial support so what kind of business I do need to start I am mba(marketing) post graduate with 4 year of experience and currently working as a erp cunsultant but becase of recesssion my salary is...

Can I receive donations and resale as a profit with out being a non-profit business. [ 1 Answers ]

Im planning on opening a thrift store, my question is can I receive donations and resale for A profit with out being a non-profit business.

Take over trucking business with established authority or start new business? [ 1 Answers ]

Starting a trucking business but have opportunity to take over trucking business with established authority mc dot #s and clean record or should I start new business with new authority dot mc #s. Any advantages to taking over established? And is it worth $2000? Thanks

How to start non profit resale business [ 2 Answers ]

What is the first step in forming a non profit resale shop?

Business plan for nonprofit thrift store [ 1 Answers ]

I need to look at a business plan for a nonprofit thrift store for my new charity, where or who can I view this document?


View more questions Search