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Not-for-Profit New Business Quick Application (For Not-For-Profit Companies with 25 full-time employees or less and $2.5 mm or less in revenues) NOTICE THIS IS AN APPLICATION FOR A CLAIMS-MADE POLICY
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How to fill out not-for-profit new business quick:

01
Gather all necessary information and documents, such as the organization's mission statement, board members' names and contact information, and financial records.
02
Determine the legal structure of your not-for-profit, whether it is a trust, corporation, or association, and complete the required paperwork accordingly. Consult with a lawyer if needed.
03
Develop a budget and funding plan for your not-for-profit, including identifying potential sources of income such as grants, donations, and fundraising events.
04
Fill out the necessary forms to apply for tax-exempt status with the IRS, such as Form 1023 or 1023-EZ for smaller organizations.
05
Create bylaws for your not-for-profit, outlining how the organization will be governed and operated. Ensure compliance with any state or local regulations.
06
Establish a board of directors and hold initial meetings to discuss the organization's goals, strategies, and responsibilities.
07
Register the not-for-profit with the appropriate state or local agencies, if required.
08
Develop a strategic plan and set short-term and long-term goals for the not-for-profit.
09
Set up financial systems and procedures to track income, expenses, and donations accurately.
10
Create a marketing and outreach plan to raise awareness about your not-for-profit and attract supporters.

Who needs not-for-profit new business quick?

01
Individuals or groups looking to establish a not-for-profit organization.
02
Entrepreneurs interested in starting a not-for-profit venture.
03
Professionals working in the non-profit sector who want to expand their knowledge of starting a new not-for-profit quickly.

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