Legal Question in Business Law in Illinois

I'm in the process of starting a small e-commerce website. My partner and I were discussing the possibly of donating 50% of our net profits to charitable organizations we support. We would obviously want to state clearly on the site that we are a for-profit company donating 50% of our net profit. Aside from making our intent clear, are there any other legal pitfalls we should be aware of? If it makes any difference, our business is currently a registered DBA in the state of Illinois and we have no affiliation with the charities we would be donating to.

-Mike


Asked on 3/01/11, 12:23 am

2 Answers from Attorneys

You had better make sure that you always do in actuality donate at least 50%. Otherwise, you run the risk of a lawsuit or an investigation.

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Answered on 3/01/11, 4:35 am
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I agree with the other attorney answer. The whole point is adequate disclosure and follow through. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 3/01/11, 6:47 am


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