Starting a nonprofit can be incredibly rewarding—but it also requires careful planning, legal compliance, and long-term commitment. Before you begin building your board or filing paperwork, here are six essential things to consider:
1. Start With a Clear Mission
Every nonprofit must have a defined purpose that benefits the public—whether it’s related to education, health, community outreach, or another charitable cause. Your mission will guide your decisions and define your impact. Take time to research local needs and explore partnership opportunities with existing organizations. Most importantly, choose a cause that you—and your team—feel genuinely connected to.
2. Understand the Types of Nonprofits
The IRS offers several tax-exempt designations, most commonly 501(c)(3), which applies to charitable, religious, and educational organizations. Other designations—such as 501(c)(4) or 501(c)(6)—apply to advocacy groups, trade associations, and more. The right designation affects how you operate and raise funds. Not sure which type fits your mission? We help clarify this during your nonprofit intake consultation.
3. Compliance with IRS Rules Is Non-Negotiable
Nonprofits must follow strict federal and state regulations. For instance, 501(c)(3) organizations are prohibited from political campaigning and must maintain financial transparency. Accurate recordkeeping and timely filings are essential to keeping your tax-exempt status in good standing. When you work with us, we talk you through these requirements to set you up for long-term success.
4. You Still Need a Strategic Plan
Even though you’re not running a business for profit, you still need structure. Foundational documents like bylaws and articles of incorporation serve as your nonprofit’s playbook—outlining leadership roles, financial procedures, and governance protocols. We provide fully customized, legally sound documentation to ensure your nonprofit is built on a strong foundation.
5. Fundraising Takes Many Forms
Successful fundraising is multi-faceted. From social media campaigns and community events to grants and corporate partnerships, there’s no one-size-fits-all approach. While we’re handling your filings, it’s the perfect time to brainstorm your fundraising strategy and how you’ll communicate your mission to potential donors.
6. Ongoing Financial Management Is Critical
Forming a nonprofit is just the beginning. Maintaining your tax-exempt status requires accurate bookkeeping and timely IRS filings, such as Form 990. Whether it’s a board member or a hired professional, make sure someone is dedicated to managing your finances. Just like forming your nonprofit with expert help, this step is vital to protecting the organization’s future.
Final Tip:
Launching a nonprofit takes more than passion—it takes planning, compliance, and consistency. Know the rules, define your mission, and surround yourself with the right partners. When you’re ready, we’re here to help every step of the way.
Have more questions? Set up your no-obligation 15-minute Nonprofit Strategy Call today: https://mccormicklawbooking.as.me/nonprofit or call us at 757-250-5300.
