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    1 Reply Latest reply on May 25, 2008 5:23 PM by Adducent

    Starting my own  business

    michael2 Wayfarer
      How does one person go about setting up a 501 c 3 not for profit corpoartion without having to work with more people and through committees?
        • Re: Starting my own  business
          Tracker

          Hi,

          Here is a link to some information on "How to Form a 501(c)(3) Nonprofit Corporation":

          http://www.nolo.com/article.cfm/ObjectID/
          EA3D3043-9A88-43F5-8DC869639F0F6E77

          Or you can Google "How to Form a 501(c)(3) Nonprofit Corporation" and find a lot of information from different sources. Remember it is always a good idea to get your business idea or plan down on paper. Its especially important for start-ups that may be looking for funding or investors at some point.

           


          In general Business Plans are made up of the following:

          1. Executive Summary
          2. Market Opportunity
          3. Vision, Mission, & Objectives
          4. Management
          5. Business Strategy
          6. Competition
          7. Risk
          8. Financial Plan
          9. Capital Requirements
          10. Summary

          From my experience helping with business plans; they fall into 3 categories of use:

          1. Internal Planning: Business Formation & Development
          2. Internal Planning and presentation to close contacts that might want to invest in their business.
          3. Internal Planning, close contacts presentation and presentation to experienced investors and/or sources of funding for the business.

          Good luck with the formation of your new corporation.

           


          Dennis Lowery

           

          Adducent, Inc.