Whether you’re starting a consulting firm, a retail store, or the next Silicon Valley unicorn entrepreneurs face risk... even the social entrepreneur who is starting a nonprofit. But I would suggest that for some social entrepreneurs, the risks are even higher, especially since they cannot own the nonprofit they’re starting. See our recent video about who really owns a nonprofit to understand more about that. We’ll put a link in the description below.

ADDITIONAL RESOURCES:
•VIDEO: What is a Disqualified Person in a Nonprofit?    • What is a Disqualified Person in a No...  
•VIDEO: Who REALLY Owns a Nonprofit?    • Who REALLY Owns a Nonprofit?  
•VIDEO: Why You Should Incorporate Your New Nonprofit    • Should You Incorporate Your New Nonpr...  
•ARTICLE: Protecting Your Dream: Starting a Sole Member Nonprofit https://bit.ly/3RGjUhK
•ARTICLE: What is Nonprofit Founder’s Syndrome? https://bit.ly/3cYqf9K

YOUR NEXT STEP:
•Fill out this form for a FREE consultation on how to start a nonprofit: https://bit.ly/3Tu9nYE
•Register for Fundraising TV: https://www.501c3.org/fundraisingtv/
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” https://bit.ly/3XhFag0


0:00 Introduction
1:08 The Problem
4:13 The Solution: What is a Sole (or Single) Member Nonprofit?
5:05 The Benefits of a Sole Member Nonprofit
5:53 What About a Board Gone Rogue?
6:16 The Downside of a Sole Member Nonprofit
7:32 How It Works Best
8:20 Caution!