How do I set up a checking account for a non profit charity?

thetworivers — Sat, 20 Sep 2025 13:23:14 GMT

I run a non profit, we've been using square for a while, and I'd like to transfer our checking account to Square to consolidate things. However, I'm stuck on the step where I select the entity type; the only options are:

S corporation
C corporation
LLC
Partnership
Public Company

Which option do I select for my non profit, as we're none of these?

Re: How do I set up a checking account for a non profit charity?

Donnie-M — Tue, 04 Oct 2022 16:38:58 GMT

@thetworivers "501(c)(3) , are organizations that are “corporations, funds or foundations that operate for religious, charitable, scientific, literary or educational purposes.”

Here is the article from square:

https://squareup.com/help/us/en/article/6397-use-square-as-a-nonprofit

But basically, you need to check with your tax professional. Your entity status could be very different depending on how you are set up. In TN where I am, you can be a non profit as an LLC. S corps are probably not appropriate for non-profit just by definition.

thread How do I set up a checking account for a non profit charity? in Banking With Square

How do I set up a checking account for a non profit charity?

Re: How do I set up a checking account for a non profit charity?