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Ask HN: How much legal work is involved to run a non-profit startup?
I am planning on creating a web service where organizations caring for foster kids
can post their specific needs
( something like, John's 7th birthday is on Sep 30 and he would like a skateboard
with a product link to Amazon)
and donors can pick a need and sponsor by paying the cost of the product + shipping.
Once I receive payment, I will place the order on Amazon to be shipped to the kid's address and email receipt to the donor.
My questions:
What kind of a legal structure do I need for this?
Does it have to be (or better be) a non-profit?
How much legal work is involved upfront?
Once created, what other (legal and accounting work etc) is involved on an on-going basis?
Am I missing anything?
- gojomo 16y agoUnless you're collecting donations or hiring help, defer organizational questions. Make the site a personal project; if it has legs then consider formal options -- and at that point you'll have advice from your community. (For example, Wikipedia ran for 2 years as a side project of Jimmy Wales' for-profit company before the Wikimedia Foundation was created.)