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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 Nonprofit? •VIDEO: Who REALLY Owns a Nonprofit? • Who REALLY Owns a Nonprofit? •VIDEO: Why You Should Incorporate Your New Nonprofit • Should You Incorporate Your New Nonprofit? •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/fundraising-tv/ •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!