Can we handle the non-profit incorporation process ourselves?
October 12, 2013 1:26 PM Subscribe
We're creating a national non-profit based in New York City. We're new and poor and considering tackling the process of incorporation ourselves. Is this a bad idea? Do we really need to lawyer up? If not, any advice as we embark on this?
posted by vecchio to law & government (14 answers total) 1 user marked this as a favorite
- We're a national network/community dedicated to promoting and progressing an art form. Our team is based around the country, as is the community we serve.
- We're about six months old, with very few financial resources, and no official staff yet. We're in the early stages of figuring out the fundraising process. We have a strong, dedicated team of volunteers and a nice network of contacts but no fundraising experience, so we're expecting it to take some time.
- We don't have a lawyer on the team. We're hoping we can ultimately find one who might be willing to help or hire one once we have the resources -- but, again, we expect this to take some time.
- Our priority is incorporating as a 501c3 and the then applying for the tax status. We're in no immediate rush to get the tax status right away. (We understand that we can begin fundraising while it's "pending" with a fiscal sponsor.)
1. Are we being pound foolish by handling this ourselves?
2. Is there anything we should know before jumping in? What are the challenges or difficulties we might face?
3. How long will the process take given our lack of experience? 10 hours? 100 hours?
4. Any other thoughts or advice about this process, especially with regard to an association or a community?
5. Are you a lawyer? Any chance you want to help the world while connecting yourself to the nicest, smartest, most physically capable group of people in America?
Seriously, though, any thoughts would be great. Thanks all!