Legal Question in Business Law in Nevada
non profit activity
I would like to stsrt a non profit. I would like to raise funds for the non profit by selling advertising space on brocures and news letters. To what extent can I run a profitable enterprise to fund the non profit aspect of the organization and keep it under the non profit business?
1 Answer from Attorneys
Re: non profit activity
If you wish to run a non-profit organization you must abide by various state and federal laws that provide rules about funding the non-profit. As a basic rule, you can use advertising revenue to fund a non-profit's operating expenses and salaries, if any. However, any unused funds may not be used in any profit or capital distribution to members or staff of the non-profit.
Contact my office if you'd like legal counsel regarding your matter. My hourly rate in such matters is $100/hr.
Regards,
Jim Herbe
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