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.

Asked on 1/17/10, 5:46 pm

1 Answer from Attorneys

Vaseem Hadi Rendigs, Fry, Kiely & Dennis LLP

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

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Answered on 1/24/10, 2:46 pm


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