Top 10 Mistakes People Make When Setting Up And Operating A Nonprofit
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- In this video, Toby Mathis, Esq. and Karim Hanafy, Esq. will go over ten mistakes people make when setting up a nonprofit and why you MUST avoid them.
Nonprofit organizations are some of the most essential organizations in our society. They are responsible for many vital services, such as feeding people experiencing poverty and helping people with physical and mental disabilities.
Connect With Our Team To Get Your Nonprofit Started 👇
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Setting up a nonprofit organization can be an exciting but stressful experience if you need to know what you're doing.
A nonprofit organization is complex and time-consuming; avoiding common mistakes is essential. These mistakes can lead to disaster for your nonprofit, so be sure to learn what they are and avoid them!
"Always tell a story." 7:05
Nonprofit organizations are a great way to make a difference in the community. However, setting up and running a nonprofit can be very challenging.
By the end of this video, you'll better understand the critical mistakes to avoid when setting up and running your nonprofit!
You'll have everything you need to start and run a successful nonprofit!
Thank you for watching! If you enjoy this video, leave it a thumbs up and a comment, and be on the lookout for more videos from my channel!
Show Notes:
0:00 Intro
0:38 Guest Background
1:50 #1 Improper Structure
3:18 #2 Articles of Incorporation
6:17 #3 Describing Activities
8:42 #4 Terminology
12:26 #5 Classification
16:42 #6 Compensation
18:54 #7 Filing Taxes
20:52 #8 Consultations on Donations
24:07 #9 Donor Letters
28:53 #10 Asset Protection
31:17 Overview
35:59 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#nonprofit #nonprofitorganization #501c3
This interview was insanely detailed. It was informative beyond words. Just one singular video became a complete guide.
Glad you liked it!
Is that a Led Zepplin II album cover in the background? Instant credibility!
Thank you Team. This will be great for Churches to know.
Thanks for all you do!
I appreciate that! Thank you for watching.
Wealth of information. Thanks and we will contact you for ours.
Great information!
Glad it was helpful! Thanks for watching!
Thank you Karim and Toby. You both do great work. Look up the autobiography Within Heaven's Gates by Rebecca Springer.A gift for you both.😇
Thank you for your support and encouragement!
I’m ignorant and need advice, please:
Do I sell my pricey 2nd home asset in the Caribbean or turn it into air bnb? Or sell it and reinvest it in multiple smaller assets that I can rent out (sec 8)?
So I shouldn’t be a non profit but sole proprietor even as a ministry and and doing the buy one one donate one method?
Wow! Very worth the time. Thank you. How do I contact you?
You can find all our contact info on our website here: andersonadvisors.com/
I was not impressed with Karim, he is not focused on we the people. Thankfully Toby interrupted, to point out benefits. Of 501 c3 Thanks for the1the interview, it was very helpful.
You need a hug
Can a nonprofit serve as a mortgage lender for low income families who otherwise could not qualify for a loan?
As a private lender - yes. Just make sure you follow lending laws in your state.