Becoming a Business Entity
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Becoming a Business Entity
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Essential Steps to Start Your Hybrid School: Becoming a Business Entity
In this episode of the Hybrid School Builders Podcast, host Rebecca Foley provides a comprehensive guide on the initial steps to start a hybrid school, focusing on becoming a business entity. She explains the process of filing articles of incorporation, obtaining an EIN, and opening a business bank account. Rebecca emphasizes the importance of separating personal and business finances and provides practical advice on managing cash transactions. She also touches on additional requirements for nonprofits, such as setting up a board and filing for 501(c)(3) status. This episode is packed with actionable insights to help new founders navigate the essentials of establishing a sustainable hybrid school.
00:00 Welcome to the Hybrid School Builders Podcast
00:56 Laying the Groundwork: Starting Your Business
01:22 Becoming a Business Entity: The Essentials
04:08 Navigating Nonprofit Status
05:20 Setting Up Your Business Finances
07:31 Final Steps and Additional Paperwork
09:55 Conclusion and Resources