Legal Question in Business Law in Georgia

Which one profit, non-profit, or not-for-profit

I'm working on getting together small classes to teach computer skills to. I'm looking toward a future of having this be my primary job. I would like to be able to sell services as well as accept donations from non-members or partners. What business model would this fall under?


Asked on 1/07/08, 3:20 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Which one profit, non-profit, or not-for-profit

Advising you on what business model to follw, based on three sentences, is far beyond this site. See a lawyer who specializes in setting up small businesses and/or non-profits.

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Answered on 1/07/08, 4:02 pm
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Which one profit, non-profit, or not-for-profit

In addition to Mr. Riddle's posting, IRS code 501(c)(3) dictates which organizations may be granted tax exempt status. The company must pursue one or more exempt purposes - charitable, educational, religious, scientific, literary, fostering national or international sports competition, preventing cruelty to children or animals, and testing for public safety. Otherwise, the company will have to be for-profit.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 1/07/08, 5:55 pm


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