I am in the beginning process of creating a business plan, budget, and research. I am very torn whether to start organization as a business LLC or non-profit. I prefer NPO, but I am limited on time and starting funds. Can I start a for profit LLC and then when I'm more organized and more financially able, turn it into a NPO? I'm hoping to generate income to help support my family and buy time to run it as a nonprofit later.
I am in the beginning process of creating a business plan, budget, and research. I am very torn whether to start organization as a business LLC or non-profit. I prefer NPO, but I am limited on time and starting funds. Can I start a for profit LLC and then when I'm more organized and more financially able, turn it into a NPO? I'm hoping to generate income to help support my family and buy time to run it as a nonprofit later.