Solved

Crowd funding for political "FOR-profit"

Posted on 2016-08-28
5
64 Views
Last Modified: 2016-08-28
I did not ever want to deal with the legal complexity and legal risk of forming a non-profit, not to mention my fear of being crushed by the IRS. So I formed a normal Subchapter S corp for max flexibility. But I dod have a very pro-American message many many Americans would love to endorse and give me tiny, small and larger donations.

Do crown funding programs work for me?

It combines patriotic political action AND a for-profit organization.

thanks
0
Comment
Question by:newbieweb
  • 3
  • 2
5 Comments
 
LVL 90

Assisted Solution

by:John Hurst
John Hurst earned 500 total points
ID: 41774119
Crowd funding only works if a large number of people subscribe to your cause, message or thinking. There is no formula for it, so all you can do is set it up and try.  Any costs you incur setting it up are all yours.

We did a crowd funding campaign at a not-for-profit client recently and it had only nominal success. The client is excellent at securing regular donation funding.
0
 

Author Comment

by:newbieweb
ID: 41774135
> The client is excellent at securing regular donation funding.

I don't understand this. What client?

Don't worry about how popular it is, that's my problem. My question is whether it is allowed? Might they screen my project and drop it it is counter-establishment?

What kinds of costs are we talking about?

Do I need to do any web development to support it?

How long are approvals?

Is there a category of crowd funder I should seek out?

Any other details would help.
0
 
LVL 90

Accepted Solution

by:
John Hurst earned 500 total points
ID: 41774147
I have a not-for-profit client that raises funds by fees, grants and donations. They are good at this but their attempt at crowd funding was only mediocre. It is harder to do than you think.

There is no reason why your attempt would not be allowed so long as you pay taxes on proceeds.

Costs are web setup and advertising costs.

I cannot speak to your approval requirements.
0
 

Author Closing Comment

by:newbieweb
ID: 41774152
thanks
0
 
LVL 90

Expert Comment

by:John Hurst
ID: 41774154
You are very welcome and I was happy to help.
0

Featured Post

How to run any project with ease

Manage projects of all sizes how you want. Great for personal to-do lists, project milestones, team priorities and launch plans.
- Combine task lists, docs, spreadsheets, and chat in one
- View and edit from mobile/offline
- Cut down on emails

Join & Write a Comment

Marketers need statistics and metrics like everybody else needs oxygen. In this article we explain how to enable marketing campaign statistics for Microsoft Exchange mail.
Marketing can be an uncomfortable undertaking, especially if your material is technology based. Luckily, we’ve compiled some simple and (relatively) painless tips to put an end to your trepidation and start your path to success.
The goal of the tutorial is to teach the user how to make an account for Skype and brief over view of all the options. There are the parts in this series.
You have products, that come in variants and want to set different prices for them? Watch this micro tutorial that describes how to configure prices for Magento super attributes. Assigning simple products to configurable: We assigned simple products…

743 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

13 Experts available now in Live!

Get 1:1 Help Now