Q: I want to open a home for pregnant teens as a nonprofit in Carrollton, GA. What do I need?
A: A partnership can't qualify for tax exemption, so start with a nonprofit corporation. Here is what a nonprofit residential home in Carrollton needs:1. Nonprofit corporation, bylaws, and a board of directors2. EIN3. 501(c)(3) tax-exemption application4. Residential child care license and facility inspection before opening5. Background checks for staff and volunteers6. Charitable solicitation registration before fundraising
A: A partnership can't qualify for tax exemption, so start with a nonprofit corporation. Here is what a nonprofit residential home in Carrollton needs: 1. Nonprofit corporation, bylaws, and a board of directors 2. EIN 3. 501(c)(3) tax-exemption application 4. Residential child care license and facility inspection before opening 5. Background checks for staff and volunteers 6. Charitable solicitation registration before fundraising
Q: What does a partnership need to register?
A: At minimum, an assumed name filing and an EIN. A partnership usually needs:1. EIN2. Assumed name filing if you don't use the partners' names3. Written partnership agreement4. General business license5. Seller's permit if you sell goods6. Consider an LLC or LLP for liability protection