Legal Question in Business Law in Massachusetts

Club Financial Responsibility

We are starting a local horse club and will be raising funds for various events. What is it that we will need to make us financially legal?


Asked on 2/17/09, 8:26 am

2 Answers from Attorneys
JOHN TATOIAN LAW OFFICE OF JOHN A. TATOIAN ESQ.*Licensed Only in Massachusetts

Re: Club Financial Responsibility

I would need to know the definition of " financially legal" to answer the question accurately.;) Please feel free to contact my office direct for a free initial consult based on the facts of your specific situation.

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Answered on 2/20/09, 3:28 pm

Re: Club Financial Responsibility

You should form a non-profit corporation. Seek 501 (c) 3 status and register as a charity/club with the Commonwealth of MA.

You need to meet certain requirements to be a non-profit and get a 501 (c) 3, including providing that upon dissolution any assets left will go to charity.

If you have more questions, please feel free to contact me if you have more questions.

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Answered on 2/17/09, 11:51 am


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