Legal Question in Business Law in Missouri
Club Fund Raising
Can a non-profit club host a contest and collect entry fees. Which would be used for fees to become non-profit?
What are the fund raising laws for non-profit clubs?
Asked on 2/22/07, 10:18 am
1 Answer from Attorneys
Jeffrey Carey
Carey Law Firm, LLC
Re: Club Fund Raising
Non-profits are generally prohibited from sponsoring game of chance (anything that resembles gambling) unless they are a managed by their members and meet strict guidelines enforced by the Attorney General's office. You can charge admission for events but you cannot tie specific prizes to entries (i.e. bingo) unless you comply with the regulations. I would suggest that you contact the Attorney General's office to determine if your specific activity would be allowable.
Answered on 2/22/07, 10:36 am
Related Questions & Answers
-
Signature on contract As an insurance agent, I am signing a contract with an... Asked 1/23/07, 3:19 pm in United States Missouri Business Law
-
Question about LLC and Debt Hello, first here is the scenerio. I am 2/3 owner of a... Asked 12/26/06, 6:17 pm in United States Missouri Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
