While there are significant federal and state tax benefits available to nonprofits and the opportunity to receive grants from the federal government and private foundations, you may prefer a sole proprietorship or LLC for simplicity. A non-profit does not preclude you from deriving an income from your entrepreneurial endeavors, however, a nonprofit can expect a formidable amount of paperwork to verify its charitable purpose as defined by the IRS. There’s more paperwork to keep track of funds and donations to ensure that no earnings are distributed to any private shareholder or individual. Additionally, most States require a nonprofit organization to have a board of directors and maintain minutes of regular meetings (much like a corporation).
Best of luck.
Publié le 16/08/16