I was thinking of possibly starting a Foundation which would be more of a public charity type of NPO and would solicit funding from the public.
Aside from the legal aspects of the Foundation and tax classifications, how would one set up the business structure? I would assume it would be set up like any normal corporation?? no?
Also, how does one pay themselves? If all our money comes from public funding, how do I justify paying myself, when people are wanting the money to go straight towards the charity specified by the Foundation.
Would love to hear from those who know more about this. Thanks.
Edited to add: Maybe what I want to do is start a Supporting Organization... ??
http://www.nptrust.org/donors/supporting_organizations.asp?gclid=CLD5ssCk954CFWpd5QodhCLjJw
Aside from the legal aspects of the Foundation and tax classifications, how would one set up the business structure? I would assume it would be set up like any normal corporation?? no?
Also, how does one pay themselves? If all our money comes from public funding, how do I justify paying myself, when people are wanting the money to go straight towards the charity specified by the Foundation.
Would love to hear from those who know more about this. Thanks.
Edited to add: Maybe what I want to do is start a Supporting Organization... ??
http://www.nptrust.org/donors/supporting_organizations.asp?gclid=CLD5ssCk954CFWpd5QodhCLjJw
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