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Embarking on social good: Questions to ask and legal structures defined

main2.jpgAt some point during our lives, we may come up with a great idea to improve our society. These ideas often emerge when we identify an unmet need or gap in service. But then what?  Coming up with the idea can seem like the easy part. Figuring out what to do next, how to turn your passion into a reality, can be the daunting part.

Years ago, there was a go-to option for someone who wanted to pursue social good – becoming a 501c3. You had to fill out the 30-page application, pay a fee to the IRS, wait, then wait some more – sometimes upwards of a year — to finally get the go ahead to accept donations for your project.

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