How to Choose & Set up a Business Entity

Steps to Set up a Business

  • Federal employers identification number
  • State department of revenue filing requirements
  • City licensing and permitting requirements

 

Nonprofit Organizations

  • Board of directors
  • Articles of incorporation
  • Organizational bylaws
  • Separate registration to accept donations
  • Apply for IRS tax exemption

 

Considerations for Choosing Entity

  • Administrative requirements
  • Funding sources and investment strategy
  • Decision-making

 

Additional Resources