Donations to a for-profit business
I would like to seek donations for my for-profit business but need to know what tax considerations or other legal considerations there are for both the donor and my business. Thank you.
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Read More Answered By: Scott R. Jay |
Re: Donations to a for-profit business NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
You need to consult with a tax attorney and explain exactly what you have in mind. It is impossible for any attorney to answer vague questions regarding tax issues.
Scott R. Jay, Esq. |
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