Legal Question in Business Law in Ohio
I am starting a small company with a friend that is going to donate a significant % (likely 50%) of sales to breast cancer research by selling my art. This is more than likely going to start very small, not generating much revenue. In the future, I plan to possibly donate all profits to the cause. I'm wondering what kind of documents I should consider filing. Also, could I file for tax exemption if I'm donating just a portion of profits? I've looked into a 501(c)(3) but am not positive that's what I need.
I plan to run this operation out of my home.
1 Answer from Attorneys
Based on the limited info you provided, this sounds like a 501(c) non-protfit company. My office assists small business owners on such matters and very affordable rates. Please call me to discuss.
Vaseem S. Hadi
513-381-9216
www.rendigs.com
Related Questions & Answers
-
I owned an S Corporation for 12 years, closed it this year. I had signed personally... Asked 1/16/10, 11:20 pm in United States Ohio Business Law
-
I have an employee that has been emailed his job assignments everyday containing... Asked 1/12/10, 9:03 am in United States Ohio Business Law
-
I am a small business owner. I have the company as a LLC, I purchased a used van for... Asked 1/11/10, 5:37 am in United States Ohio Business Law
-
I have a partnership with my sister. S corp. She has used business fund for personal... Asked 1/10/10, 11:09 am in United States Ohio Business Law
-
I am franchisee and in my franchise agreement says i have to pay 4 1/2 % advertiment... Asked 1/03/10, 10:38 pm in United States Ohio 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.
