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Starting a nonprofit is an exciting step toward creating social impact. Yet many founders quickly feel overwhelmed by conflicting advice — especially around whether hiring a lawyer or CPA is required to begin. The truth is simpler than most people expect. While legal and accounting professionals play an important role in the nonprofit ecosystem, forming a compliant and sustainable 501(c)(3) starts with clarity, structure, and understanding the IRS requirements . This guide ex

Managing finances can be a daunting task, especially for nonprofits and small businesses that often operate with limited resources. Understanding the fundamentals of accounting is crucial for ensuring financial health and sustainability. This blog post will provide essential accounting tips tailored specifically for nonprofits and small businesses, helping you navigate the complexities of financial management effectively. Understanding the Basics of Accounting Before diving i