How Hard Is It to Get 501c3 Status?

How hard is it to get 501c3 status is a question many business owners ask when deciding to start a nonprofit.3 min read

How hard is it to get 501c3 status is a question many business owners ask when deciding to start a nonprofit. By its simplest definition, a nonprofit organization is a business does not function to make a profit. This does not mean that a nonprofit can never make a profit.

A nonprofit organization can produce goods or provide services to make money and can even invest that money into the stock market in an effort to make more money. The difference is that the profits must go back into the company. There can be no profit-sharing among members and, in general, these organizations have no owners.

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