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hi and thank you for watching the social life the place to be for entrepreneurs with a purpose today Im going to be answering the question about do I need to dissolve my current for-profit business to become a 501c3 and the short answer to that question is no the long answer to that question is you just need to understand the steps you need to take in order to do that so today thats what Ill be explaining in order to change your for-profit business into a non-profit business there are a couple things youll need to do thing youll need to do is youll need to start with a mission you have to understand that your mission now has to focus on the purpose and your social impact rather than your profit and your mission needs to reflect that so it should be saying that your mission is to eradicate profit poverty somehow or your mission is to help help children learn to read by selling these types of books to the public or whatever your mission is but it needs to show your social impact a
