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icaredaycare 11:09 AM 03-06-2012
im' not an expert, but I have looked into this awhile ago. All you need to do is set up a non profit corporation (501 3c), the paperwork alone can cost roughly $2000. Then you need a board of directors, most of them are volunteers, to oversea the company. The owner, is called an executive director. Most of your income would come from gov't grants, or private grants, but you would have to apply to them.

There are pros and cons to both FOR PROFIT and NON PROFIT. for profit, you don't have to worry about grants, and you don't have to worry about a board looking over everything. you get to be your own boss. However, Non profit sectors, if you get a decent grant, you'll get a lump sum of money, you pay yourself, you pay your employees, and you get to work out the numbers of how many kids you can have.

I don't have all the details, but that's what I remember.
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