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

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?

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@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.

Donnie
Multi-Unit Manager | Founder, Table & Ledger
tableandledger.com

Square AI Champion | Using Square since July, 2017

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