Find the Time to Start Your Nonprofit
There are people with the same 24 hours a day that you have who find the time to start their nonprofits while juggling work, relationships, children, and more. What is their secret? Read on to see Chisholm Law Firm’s recommendation on how to find the time to start your nonprofit.
How do they manage their time?
Nonprofit owners often hire people to help them start their nonprofit. They don’t spend hours on Google becoming experts in the IRS code and tax-exempt law. They also don’t spend time figuring out the process of applying for grants.
Busy people who start nonprofits realize that the money they spend paying an expert will save them time and money.
How does hiring people save you time?
Hiring an expert lets you focus on your other responsibilities instead of doing everything yourself. It’s critical to let professionals help you. If you mess something up, you can get yourself into serious trouble with the IRS, and you’ll end up wasting your time.
You also save time by hiring an expert. You don’t have to waste time continually reapplying over and over again because the IRS rejected your application. An expert will explain what you need to do so that you can find the time to take care of other tasks.
How does hiring people save you money?
If you try to start your nonprofit yourself, you could spend hours trying to understand the IRS Code and nonprofit law. If you make $10/hour and spend 300 hours researching, you have lost $3000. You could have spent that money hiring an expert to handle the process.
Hiring someone also saves you money because you can avoid costly mistakes. For example, suppose you apply yourself or hire a cheap company, and your application is rejected. In that case, you lose the $400-$850 filing fee to the IRS since it is nonrefundable.
How do you know who to hire?
Now that we’ve established the need for hiring an expert, you have to find time to research which professional you want to work with. Hiring someone is a big decision, so you need to ensure that you’re making the suitable investment for your nonprofit.
When looking into who to hire, you’ll need to check that they specialize in nonprofits and can offer you expert legal advice. They should also be able to help with creating founder’s protection bylaws and federal trademark registration.
How do you afford hiring a professional?
While hiring an expert will save you time and money, the upfront costs of their help may be intimidating. It can also be confusing, as prices vary based on the professional’s success rate, experience, and benefits in their packages.
If you’re planning on hiring a professional, there is a minimum that you should have saved up and ready to go. Depending on your state, you will need to pay filing fees to the government and legal fees to the experts helping you.
To best save money when hiring a professional, here are some things to consider:
- Find experts that offer free consultations.
- Ask for a flat fee as opposed to getting billed by the hour.
- Maximize your time by preparing for your meetings in advance.
- Hire for a legal consultation instead of hiring someone to do the process for you.
- Share competing offers.
The best time to start is now!
When it comes to starting your nonprofit, the best time to start will always be as soon as possible. To save time and money, you’ll need to research who to hire and be creative with how you spend your money.
If you can’t find the time to start your nonprofit, you need the right team with the expertise to help you on this journey. Chisholm Law Firm has helped thousands of people start and grow nonprofits that impact the world. If you want the best for your nonprofit, look no further than Chisholm Law Firm. Our clients have a 100% success rate for nonprofit filings and trademark filings*.
You can rest assured that your nonprofit is in the best hands and that we’ll get everything done right the first time. Call us today to schedule your free consultation.
It shouldn’t be this hard to be a superhero.
*Past results do not determine future outcomes.