A partner and I are planning a large convention where we will be collecting money from attendees from ticket sales. All money collected will pay expenses, and anything remaining after expenses will be donated to charity. There will be no profit, and there are no paid employees. All staff is volunteer. I'm assuming we need to create a separate entity to 'host' the event, so that we don't have to claim any of the income individually. What type of business do we register for so that neither of us is responsible to paying taxes on any of the money collected? Do we qualify as non-profit?
1 Answer from Attorneys
Your question is far beyond a website. See a business lawyer to set you up based on many, many more details.