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Who REALLY Owns a Nonprofit?
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Who really owns a nonprofit? Well, SPOILER ALERT, it's NOT you!
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!” We encounter this confusion with new clients on a fairly regular basis. And, given people’s understanding of how basic business operates, it is understandable. In order to fully appreciate the concept of “non-ownership”, it is helpful to first talk about the various types of business entities. Then, we’ll look at organizational purpose. By the end of the video, it should make a lot more sense.
📚 ADDITIONAL RESOURCES
🏆 YOUR NEXT STEP:
0:00 Introduction
1:11 For-Profit Structures
2:43 Nonprofit Requirements
3:00 Nonprofits Have NO Owners
3:40 What Does That Mean for the Founder?
4:16 So Why Bother Starting a Nonprofit If I Don't Own It?
5:00 Conclusion
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!” We encounter this confusion with new clients on a fairly regular basis. And, given people’s understanding of how basic business operates, it is understandable. In order to fully appreciate the concept of “non-ownership”, it is helpful to first talk about the various types of business entities. Then, we’ll look at organizational purpose. By the end of the video, it should make a lot more sense.
📚 ADDITIONAL RESOURCES
🏆 YOUR NEXT STEP:
0:00 Introduction
1:11 For-Profit Structures
2:43 Nonprofit Requirements
3:00 Nonprofits Have NO Owners
3:40 What Does That Mean for the Founder?
4:16 So Why Bother Starting a Nonprofit If I Don't Own It?
5:00 Conclusion
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