Tuesday, November 12, 2013

Reason To Join A Nonprofit

There are lots of good reason to join Nonprofit organizations there could be personal reason like you want to help people because of what you have been though in your personal life. Also, if you just want to try something new in life then you really come to like it. Joining a nonprofit organization takes a lot of time and also it can interfere with your personal time but if you love it that will keep you staying with the organization. Today I will give you some advantages and disadvantages of joining a nonprofit organization.

I will start off with the bad the disadvantages and those consist of.

Disadvantages

1.) Loss of centralized control by founder

2.) Paperwork, paperwork, paperwork
          - Annual forms, budgets, audits, tax reports, board meeting agendas, minutes and reports, proposals

3.) Expense in money and time: corporate bank
           - Accounts, expense reports, tax returns
         

Advantages

  • Limited liability 

  • Tax advantages 

  • Stability, continuity and authority 

  • Strength of minds in decision making 

  • Other benefits: media access, donations, postage rates

  • School loans paid off


         


 

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