Legal Question in Business Law in Georgia

I want to start a center for LGBT at risk youth to include temporary shelter, educational opportunities. It would run on donations and grants but eventually become a working farm to sell organic goods to restaurants with all profits going to run the center. What classification would I start with to begin donation process as well as licensing requirements? I am in the process of writing a business plan.


Asked on 11/13/16, 11:44 am

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

You do not need special status or classification to receive donations. However, for those donations to be tax deductible to the donor, your company would need to be a qualified non-profit (likely under 501(c)(3) of the IRS code). Separately, you will need a business license from the county or city depending on whether you are or will be located within city limits.

Given the current political environment, I would be willing to create the corporation free of charge other than filing fees. However, you will also need a CPA / tax advisor to file the tax exempt application with the IRS.

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Answered on 11/14/16, 8:15 am


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