Little costs, huge market, positive innovation climate, partnerships opportunities, capital
Hello! Thank you for asking. My name is Humberto Valle, I'm an MBA strategist with years of successful experiences. I'm the guy new business owners call when they don't know what to do for growth. First off, without any further information I think that the net worth of the founder is irrelevant ...
Your company is required to file Form 1099-MISC for each person you paid rents of at least $600 during the year. There are, however, certain exceptions where some payments do not have to be reported on Form 1099-MISC. Generally, any payments made to a C corporation, S corporation, or an LLC tre...
Donations of in-kind services generally cannot be deducted. Donations of in-kind items (clothes, food, computers, etc.) are deductible. But the amount of the deduction is basically up to the donor; they declare the market value of the items. This is obviously very subjective, but there are some ...
I agree with Mark in that it truly depends what you’re trying to accomplish. Is this a business that you plan on keeping for yourself and/or family, or is there a different exit strategy in place such as selling the brand, an IPO, or being acquired by another company. When it comes to busines...
Hi, I used to manage a non-profit organization - the process is challenging but it is possible. I'd be happy to advise. First stop: try get a Google Grant for Google Adwords - it will help you a lot to promote your business. Good luck
The best way to find board members is to find people in your industry (or market) that show signs of being someone who would enjoy being on your board. These are typically people who 1) Are on other boards similar to the kind of organization you're starting 2) Are part of organizations that giv...
Lots of different questions here. Volunteers are not considered donors in that they can't really deduct their volunteer-related expenses as donations. Nor can the entity claim them as revenue, unless the volunteers donate to the nonprofit and then the nonprofit buys their tickets. In general,...
I would suggest the first question to ask is "what problem do I solve?" And of those people I solve problems for "who do I create the most value for?" In the non-profit world you need to add "How does my business help the non-profit run better and/or help the group the non-profit focuses on?" Fo...
You would have to apply for non profit status, which means you would have to incorporate as one of the 29 different 501c classifications. Since I don't know of the details of your business model I would not be able to say for certain, but it is contingent on your company fitting the description o...