Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW   

Foundation of non-profit organization

Asked by: Kornelija Koneska - 9 October, 2013 Please let me know how many founders can form non-profit organization (association) according to the law of Delaware, is there any limitation regarding the residences of the founders and what is the founding deposit?
Answered by: Robert Kowalski - 11 October, 2013 Kornelija,

Non-profit organizations don't have owners or shareholders - what they have is directors (who manage the organization) and officers (who run day to day operations).

To organize a non-profit you need to have a board of directors comprised of at least 3 different physical persons. I don't believe there is any particular restriction on the place of residence of those directors, and I don't think there is any deposit required, but keep in mind the costs of establishing a non-profit, including getting the tax-exempt status can run into many hundreds to over a thousand dollars.


We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!