Legal Question in Business Law in New Jersey
Hello, I belong to a rescue squad in need of funding. We wanted to sell space on our ambulance for advertising. My question is: would have an legal ramifications for advertising on our ambulance. We a non-profit and private ambulance company.
Thank You
Asked on 5/19/10, 6:08 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
As a non-profit you are allowed to raise money. But when you sell advertising, you may be subject to income tax on "non-related business income." You need to consult with a tax lawyer.
I hope this helps!
Ron Cappuccio
856 665-2121
www.NonProfitEsq.com
Answered on 5/24/10, 7:46 pm
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