Episode 72 - Forest Educator Spotlight: Navigating the For-Profit/Non-Profit Decision
There comes a point in most nature education programs' evolution when we have to decide on what 'legal entity' or structure we are going to use to do business in our community. Will we be a Sole Proprietor, in a for-profit model, or maybe a Partnership or LLC? Or do we go in the Nonprofit Organization direction, with all of its complexities and possible advantages? This episode dives into this topic and explores the advantages to both legal structures, as well as their challenges, too!
Forest Educator with Ricardo Sierra | A Podcast for Revolutionary Conversations about Nature-Based Education · Ricardo Sierra
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Show Notes
There comes a point in most nature education programs' evolution when we have to decide on what 'legal entity' or structure we are going to use to do business in our community. Will we be a Sole Proprietor, in a for-profit model, or maybe a Partnership or LLC? Or do we go in the Nonprofit Organization direction, with all of its complexities and possible advantages?
This episode dives into this topic and explores the advantages to both legal structures, as well as their challenges, too!
Please note that this episode should not be considered legal advice, and is instead a sharing of my own experiences using both models. You should always consult an accountant and legal adviser to help you make the best decision for your unique business, your own skills and expertise and your long range mission and plans!
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