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non-profit vs. tax exempt

16 years 10 months ago #136471 by dlf
Replied by dlf on topic RE: non-profit vs. tax exempt
Look for your State Corporation Commission in the government pages--they ought to help....if you're in VA I'll give you the number.
d
16 years 10 months ago #136468 by small school BIG ideas
Replied by small school BIG ideas on topic RE: non-profit vs. tax exempt
How do I get paperwork to file for incorporated ?

I knwo it is probably already been stated, but I have searched and eyees are gettign fuzzy.

You ladies are very knowledgeable.

Thanks,
Small
17 years 8 months ago #59461 by Critter
The rules about raffles are locally, or maybe state-defined, depending on your location. You might want to start at your town hall and go from there. You might need a license or there may be exceptions that apply, but you really won't know for sure until you check.
17 years 8 months ago #59460 by pto4fun
Replied by pto4fun on topic RE: non-profit vs. tax exempt
We are 501(C)(3)and incorporated, and I am wondering if we can sell 50/50 raffle tickets?
17 years 8 months ago #59459 by JHB
Replied by JHB on topic RE: non-profit vs. tax exempt
NewTreasurer - no you don't have to incoporate. That's an optional process at the state level, which has some valuable benefits.

However, if you already have your 501(c)(3) and are not incorporated, you probably don't want to incoporate now.

Incorporating creates a new business entity and your 501(c)(3) does not transfer. So you'd have to go through the whole process - and pay the filing fee - with the IRS again to be a 501(c)(3) entity.
17 years 8 months ago #59458 by pals
Replied by pals on topic RE: non-profit vs. tax exempt
new treasurer I will answer that question and Critter can let us know if it is different. In reading Critters post I am getting that she means if you are not a 501 then incorporate before you apply for 501. You can be a 501 but not incorporated BUT it is costly to become 501 then incorporate.

"When you stop learning you stop growing."
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