4 Keys to Decoding Financial Plans & Projections You’ve been there – someone has handed you a departmental or church budget and your eyes glaze over. Reading financial charts and spreadsheets is not why you got in to ministry. But now you’re overseeing a church plant and you need help with how to review a
One of the most important things you will do as you plant your church is create a church plant budget. Here are some things to keep in mind as you do: It’s About Vision Your budget document is less about money than it is about vision. When you create a church plant budget, you are forced
Part 6 in the 7-part series, Open a Church Checking Account Hold a Church Board Meeting If you’ve been following along, you’ve already incorporated your church and gotten a brand new EIN from the Feds. But now that you’re a corporation, you need to behave as a good corporate citizen of your state. That means:
Part 4 in the 7-part series, Open a Church Checking Account Formally Organize Your Church There are 2 approaches I’m aware of to formally organize your church: Unincorporated Association Corporation Remain legally under another church & use a fictitious business name for your church’s name There are pros and cons to each. Remember, I’m no lawyer; if
It is always a sad day when you have to go about shutting down a church plant. While there are some paperwork and technical details involved, the primary role and responsibility of the leadership during this time is to care for the people in the congregation. As I’ve had to learn through this process, here
Now that you’ve got a basis for how much to pay the first hires of your church plant, you need to consider what kind of church plant staff benefits to offer. Fringe Benefits Here’s a short list of non-salary benefits that are common in Corporate America. You’ll need to decide which to offer based on
Figuring out how much to pay church plant staff can be daunting, especially if you’ve never been in a lead pastor role. He are some resources to help you determine salaries and benefits. Before we jump right in to numbers, though, there are a few IRS-audit-avoidance things you should be considering in the hiring process.