#Nonprofit Myth #5: Once you file for tax exempt (sometimes nicknamed 501c3 status) with the IRS, your organization will never have to pay any type of taxes. Not quite! Many states require additional forms to get different types of tax exemptions like property tax exemption or sales tax exemption. Read more about what your nonprofit might be missing out on here: (fb)

#nonprofit myth #4: There's nothing you can do to prevent board members from fighting or creating conflict. While people aren't perfect and will disagree on how to handle challenges at times, there's plenty you can do to keep discussions productive rather than combative. Read more here: (fb)