Nonprofit or Forprofit?

Should I start my business as a nonprofit or for-profit?

Since this question is asked so frequently, I thought I'd address it here. There are so many of us who desire to earn a living, living our passions. In my consulting world, these same people tend to automatically think nonprofit is the only way to go. This same line of thinking also applies for people who may not want to create their own jobs, but who just want to give back.

To be of service and to give back, a nonprofit isn't always necessary. If you have love in your heart and you want to help someone else, there are an unlimited number of opportunities whereby you can volunteer. If you already have a business and you want to give back, you can create a giving program as a part of your existing business. Either way, accomplishing your community service goals can be achieved without the responsibilities of forming a nonprofit.

For more advice on this and other related topics, check out our Video Blog FAQ title, "Should I Start My Business as a Nonprofit or For-profit?"  http://www.grantsourceblog.net/faqs/