I would like to know how much time and money is involved in starting a not for profit corporation.
The corporations purpose is to buy a house to be rented out to fraternity members at a college.
I know this is possible, because after some googling I have found many web-sites for not for profit fraternity and sorority housing corporations.
But, after looking at this thread it seems that even starting a regular corporation can costs a significant amount of money up front, with more annually. I would think that even more red tape is involved in non-profits.
Is there a difference between a charity and a non-profit corporation? This isn’t a charity, no funds will be collected for charitable things. The only purpose is as a landlord.
Anybody have some good resources to recommend for learning more about this?