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Laura Thomas’s Avatar

Laura Thomas

Information Technology Services
Other
Lakeville, Minnesota
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Abby’s Avatar
Abby Aug 29, 2023 1352 views

I'm founding a startup, but I'm not sure if I want it to be a nonprofit, not-for-profit, or for-profit. Should I figure this out before registering as a business?

I'm based in New York State, and I'm planning to hire a lawyer to do the paperwork. But I don't want to do any fundraising until I have a bank account (which requires an EIN). Do I need to decide on a profit model before registering? Any advice is helpful - I'm new to the startup world!