Incorporating a nonprofit organization may be one of the most beneficial routes that a small business owner or entrepreneur
can choose to go down, as they are playing an increasingly important role in U.S. society. Currently, there are more than 1 million incorporated nonprofit organizations that employ many people throughout the U.S., not counting the nation's numerous volunteers.
Additionally, this sector plays an important role in the economy and could help the U.S. sift its way through economic reparations. With such a high number of nonprofit organizations employing a significant amount of people, they wield a large amount of spending power, giving them a more important role in the economic recovery. Furthermore, more businesses target nonprofit organizations as potential customers.
The government and other companies and organizations are more likely to extend grants and other forms of funding to nonprofits, especially those involved in public service or research. In a time when securing capital is difficult due to the Great Recession, incorporating as a nonprofit can benefit a business owner.
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