Do you want to know the legal requirements you need to start a non-profit organization? If YES, here is a checklist of non-profit licenses, permits & insurance.
Having provided you with a:
- Non-Profit Industry Overview
- Market Research and Feasibility
- Non-Profit Business Plan
- Non-Profit Name ideas
- Non-Profit Licenses and Permits
- Cost of Starting a Non-Profit Organization
- Non-Profit Marketing Plan
- Marketing ideas & Strategies
We will consider what it takes to get operating license and permit for your non-profit/foundation including insurance coverage and intellectual property protection.
Starting a Non-Profit Organization – Licenses, Permits & Insurance
- Best legal entity to use for this type of business
Of course starting a non – profit foundation will require that you have the foundation registered, as well as apply for any requirement as stated by the states you want to operate from. As such, you have got to make the necessary enquiries so that you can know where and where to go for the registration of your business in your city.
Is Professional Certification Needed to Run a Non-Profit?
You would need a professional certification if you decide to start a non – profit organization in a particular field. For example, if you want to run a non – profit foundation that offers services in the health sector, you would need to apply and obtain a certification from the required medical association in your country.
Generally, anybody who decides to start a non – profit foundation may not require a professional certification aside from the license and permits to operate as a non – profit organization. As a matter of fact, each state in the U.S. has their own requirements for non – profit organization; you can check up the necessary requirements from the states that you intend starting your foundation from.
List of Legal Documents You Need to Run a Non-Profit
- Certificate of Incorporation
- Business License
- Business Plan
- Memorandum of Understanding
- Non – disclosure Agreement
- Employment Agreement (offer letters)
- Operating Agreement
- Foundation’s By – laws for Corporations / Constitution
- Charity law
- Policies and Procedures
- Minutes of the foundation meeting or first directors meeting
- Articles of Incorporation
- Minutes of All Annual and Special Meetings of Board of Directors and Members
- Membership Roster listing names and addresses of current members
- Governing Documents
- Insurance Policy
Insurance Cover for Non-Profit Organizations
Depending on the angle of operation you want to start from, there are several areas of insurance that has to be tackled. Some of the insurance cover that an average Non – profit organization should have include;
- General insurance
- Health insurance
- Liability insurance
- Workers compensation.
Intellectual Property Protection for Non-Profit Organizations
The nature of services a non – profit organization offers will determine if there would be the need to seek for intellectual property protection. For example; if you run a non – profit foundation that is involved in empowering people and you have some training modules or a guide that is unique to your organization, then you can file for an intellectual property protection.
Generally, if your foundation is involved in the production of arts, music and inventions, you can file for intellectual protection of any unique products that comes out of your organization. But if a non – profit organization is offering services that is not unique to them, there is no need to enforce intellectual property protection. Besides, most non – profit organization duplicate what is already in existence.