June 10, 2015

How to Become a Social Entrepreneur | Step 7 – Begin Filing Paperwork

by nathanwebster in Social Entrepreneur

How to Become a Social Entrepreneur | Step 7 – Begin Filing Paperwork

By this point, you have logged a significant amount of hours. Congratulations on your progress! When you look back at your journey, you have to be pretty impressed with the fortitude you had to bring you to this point. You’ve done your due diligence. It’s the moment of truth. Are you ready to begin filing the paperwork to make this official?

If no, that’s alright. There isn’t a timeline when you MUST submit. I recommend you trust your instincts. Your “gut feeling” is the best barometer indicating if you’re ready to move forward.

If yes, let’s go! For every group, this step will be different due to geographical location, goals, and desired infrastructure. Here were my first 3 steps:
1. Registered for a federal EIN (employer identification number).
2. Registered with WA & OR for incorporation status.
3. Applied to IRS for 501c3 status.

This process will be different for you depending on your organization’s goals. Don’t get overwhelmed. Therefore, do each of the paperwork to the best of your ability and use the help line if needed. Be expected to pay approximately $250-$1,000 for all your startup costs. Again, if you need any help with the paperwork, those agencies have dedicated staff to help so take it easy on yourself and take one step at a time.

REMEMBER – To learn how to become a Social Entrepreneur, be careful of the advice you
receive. Make sure it’s uplifting, empowering and constructive. If you stay focused on the
results, you’ll accomplish the goals you set for yourself and/or your cause.

I write this because my business is personal. My struggles are for your gain. No strings attached.

Nathan A. Webster, MBA