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Expert Tips for Non-Profits

While non-profit and for-profit organizations share many similarities, there are also key differences that can doom even the best of intentions.

Opening Day Balance Sheet

A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. Use your Startup Expenses spreadsheet to get the basic data for the balance sheet.

Startup Expenses

Navigate your startup's financial planning with SCORE's Startup Expenses template.

Public Benefit Nonprofit Corporations

A public benefit nonprofit corporation is what people think of when they think nonprofit.  It is a charity that is advantageous to the public at large, meaning that anyone could benefit from the actions of the nonprofit. 

Contracts

All sales contracts should be in written form for delivery of products or services.  Clearly outline and detail as needed what each party is agreeing to do.  Anticipate areas of confusiton or points of potential conflict.  Provide a recourse (rememedy) in case the agreement is not followed. 

Operating Agreement Checklist for LLC and Partnership Agreement

Checklist of common items that should be in Operating Agreements for LLC's and for Partnerships.   The items in the checklist must be discussed and are important to be in written agreement prior to starting a business.  They are the legal parameters of how the business will be managed and disputs resolved after the business is started.   Download a copy of Partnership Agreement Checklist  (LLC).

Business Plan Outline

Business Plans can be very short in the number of pages for a start-up business and will be more detailed for an emerging and established business that needs to grow.  This outline is a short six-page version of the topics that need to be considered for your business.  Not every topic will always apply to your particular business. 


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