business license needed to help raise funds?
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10-12-2012, 07:54 PM
Post: #1
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business license needed to help raise funds?
i started a website through spreadshirt.com so i don't have a business license i would like to donate my profits to various charities each month am i allowed to advertise this mostly through Facebook and social media
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10-12-2012, 08:02 PM
Post: #2
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Not until you register your business, secure an EIN number from the IRS, pay taxes on all profits then you can donate to a nonprofit.
You cannot advertise that until you have a written contract with a nonprofit outlining what you are donating and when Ads |
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