Individuals who wish to pursue a charity related career and buy non-profit business operations will have many factors to consider, including what type of charitable venture to get involved in, how your charity will benefit others and where your facility will be located. You will need to find out if you are eligible for a tax exemption, know what liabilities you will face and create a company constitution.

For those who wish to sell, non-profit business establishments may be listed online. Post information about your organization on a website that allows you to showcase the advantages of the non-profit opportunity you have available.

Non-profit business sales require a lot of time and effort to complete. You should be certain the non-profit charitable business you are interested in is right for you. There are several things to consider prior to investing, including:

1. Will your charity business opportunity have a local, national or international outreach?

2. How will you collect and distribute donations?

3. Will you will need to hire and train staff members?

Action Steps
The best contacts and resources to help you get it done

Buy a nonprofit business online

Individuals who are ready to buy a charity business can purchase an independently run operation or even invest in a charity franchise. Either way, the existing business will be at least partially established, and you will benefit from the work they have done in setting up the organization. Take a look at their existing business plan, keep the aspects of it that work for you and tailor the rest to your own specifications.

I recommend: Start a 501c3 tax exempt charity with help from CharityNet. Help children with a Help A Child's Barnardo's sponsored franchise. Take over a non-profit day care center with help from BusinessBrokers.

Work with a charity business broker who deals in non-profit organizations

Business brokers guide individuals through the process of purchasing an existing business or franchise. They work for you to make sure you receive the best deal possible and finalize the purchase in a timely manner. When you need the services of a charity business brokerage, look to them for guidance, financial consulting and business valuation services. They will also assist you with due diligence procedures, and any other essential detail that must be managed during the process of taking over an existing business.

I recommend: Obtain assistance from a professional at VR Business Brokers or Sunbelt.
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Post your non-profit business for sale online

Anyone who owns a charitable establishment may decide it is time to sell the business for a variety of reasons. Whether you are preparing for a move to another state, retirement or getting in to a new line of work, you can sell non-profit business organizations online. There are websites that will act as a non-profit business brokerage and help to find a qualified buyer.

I recommend: Sell your company on BizBen or BizBuySell.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Investigate the non-profit business for sale that you are considering with help from the Better Business Bureau.
• •  Find out if there will be any local or state regulations that you will have to comply with.
• •  Hire a certified public accountant who deals with charity business sales. The CPA will help you understand any financial obligations you will have, and the monthly expenditures you must pay.
• •  Hire a lawyer who understands all the steps that must be taken when you decide to buy or sell charity business operations.