There are three types of NFP’s:
bullet Charities
bullet Income Tax Exempt Funds and
bullet Other non-profit organisations.

NFPs typically seek to become a charity, however, with this structure comes added regulation.

There are also a number of different legal structures that NFPs can choose when setting up an entity. From unincorporated associations to company limited by guarantee through to co-operatives, each has different costs and compliance and reporting requirements.

It is important you are choosing the right structure for your NFP.

NFP Guide - Establishing an NFP entity
 

Bruce Saward

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