Kingdom Business Solutions
Kingdom Business Solutions
Is your ministry’s business in order?
Today, many of us believe that the church, and/or your ministry, does not have a business side to it. Well, according to state laws and the IRS, it does! Simply, when you are not properly formed as a non-profit through the state in which your church or ministry resides, you are out of order with both the state laws and the IRS rules and regulations.
How? When you are not registered with your state as a non-profit you should not be operating in any capacity that says you are. If you are not registered with your state, just a guess…you have not obtained an EIN through the IRS nor set-up a bank account either. How do we know this? One feeds off of the other!
When you go to the bank to open an account, you will need your state registration paperwork as well as your EIN paperwork from the IRS to have an account properly setup for your church or ministry. Yes, you will want to have this done properly! Setting the proper foundation in the beginning helps to ensure everything else is in order as you move forward. Without the proper foundation, order, structure…you are sure to crumble. The foundation is what everything else sits on!