Advantages and Disadvantages of Forming a Non-Profit Organization

Discussion in 'Employer Issues' started by Jacob Hawkins, Jan 14, 2019 at 6:23 AM.

  1. Jacob Hawkins

    Jacob Hawkins
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    Many are considering forming non-profit organizations nowadays just by having an overview of the basic advantages. And, the majority of these people burn out quickly. However, it’s necessary to study comprehensively about the rules/regulations, have a better understanding of what to expect, etc. before you set your foot in the nonprofit world.

    Advantages of forming a non-profit organization
    Tax exemption
    Limited liability
    Eligible for grants
    Formalized structure
    Highly motivated employees

    Disadvantages of forming a non-profit organization
    Cost- Starting a non-profit organization
    No profits
    Paperwork
    Limited control
    Funding difficulty
     
    #1 Jacob Hawkins, Jan 14, 2019 at 6:23 AM
    Last edited by a moderator: Jan 14, 2019 at 10:52 AM

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