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In this video tutorial, the speaker addresses whether one needs to dissolve a for-profit business to become a 501(c)(3) non-profit. The answer is no, but there are important steps to follow. The first step is to establish a mission focused on social impact rather than profit. The mission should reflect the organization's purpose, such as eradicating poverty or promoting literacy among children. It's essential that the mission clearly demonstrates the intended social outcomes. The speaker emphasizes the importance of aligning the mission with the values and goals of a non-profit organization.