Building Impactful Businesses: How Entrepreneurs Can Give Back with Shahara D. Wright

Building Impactful Businesses: How Entrepreneurs Can Give Back with Shahara D. Wright

In this episode of the Owning It Podcast, host Joey C. interviews Shahara Wright, a business attorney specializing in helping entrepreneurs create businesses that give back to their communities. They discuss the different legal structures available for entrepreneurs who want to make an impact, such as nonprofits and donor-advised funds (DAFs), and the challenges associated with each. Shahara emphasizes the importance of thinking carefully before starting a nonprofit, suggesting that some entrepreneurs may want to consider supporting existing organizations instead. They also cover topics like budgeting for charitable contributions, the importance of understanding how nonprofits function, and ways businesses can incorporate giving into their models.