Has Anyone Started a B-Corp?

[Jake Kucheck]

Specifically for the purpose of acquiring, improving, and renting out property in what we would consider Class C/D areas?

If so... would love to brain pick...

[Bill Gulley]

If anyone thinks they are going to start a 501 (C) 3 saying they want a salary or profit as the reason to do so, they will fail.

Kama Ward, that organization does play on the unknown, upper management usaully does a better job of keeping thier mouth shut.

You can't start a N/P by yourself, your need a board who agrees on the stated mission and that will allow you to take a good income. To justify that you need volume in the business. Besides that, loading up on salries beyond what is usual and customary for other similar operations can cause you to lose your tax exempt status.

When you walk out the door you need to be committed to the mission, that's what you must project to others, not a way to make a ton of money, if that word gets out, you're dead in the public eye as well as everyother N/P in the community. You can't knock on doors asking for contributions. All N/Ps in a community are tied together in various ways to serve the community, fill the niche.