Some question's on rules and legalities for a newly formed organization.?
-
Organization is of Military Veterans. We will not be collecting funds except to keep ourselves in business through donations of its members. We might offer a small (maybe 500 dollar scholarship for our members kids once a year). Here are the questions but first some more about the Organization. We are are group of specialized military veterans. We have a FB Group, a Website and a Forum. We currently have 530 members but we expect that to grow by a large margin and continue. 1. From what I have researched we currently are not even close to what would be required to become a non profit. And right now, we do not want to. So, with our current number of members, our FB group, Website and Forum. Can we legally open a bank account and get a PO Box in our groups name? 2. Can we legally collect small donations, say 10 to 15 dollars from members to pay for our webhosting and other incidentals without becoming a non profit? 3. Can we legally give a $500 scholarship to a member's child once a year without becoming a non profit? 4. With our FB Page, Website, Forum, and if we collected a very limited number of donations to keep our group going would this effectively make us some sort of legal entity? If anyone knows the answers, I appreciate it. And if anyone can direct me to useful websites that would describe our situation, please reply.
-
Answer:
I would suggest you form some sort of corporation, keep accounts and have the accounts audited and have an AGM to vore in the officers, auditors etc. There may be some form of corporation that does not require too much administration and reporting. In the UK we have Working men's clubs, which are private, social club. They are owned by the memmbers and governed by a members' committee.They are non-profit making.
Raysor at Yahoo! Answers Visit the source
Other answers
I would suggest you form some sort of corporation, keep accounts and have the accounts audited and have an AGM to vore in the officers, auditors etc. There may be some form of corporation that does not require too much administration and reporting. In the UK we have Working men's clubs, which are private, social club. They are owned by the memmbers and governed by a members' committee.They are non-profit making.
Raysor
Related Q & A:
- What's the first step to become a non-profit organization?Best solution by Yahoo! Answers
- Marketing Ideas for a newly licensed Insurance Agent?Best solution by Yahoo! Answers
- Is this a good idea for a non-profit organization?Best solution by Yahoo! Answers
- What is the difference between a non-profit organization and a non-governmental organization?Best solution by maxwell.syr.edu
- Which state in the U.S. is best for incorporating a non-profit organization?Best solution by Quora
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.