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Question
What type of organization should I set up? NonProfit? PAC?
I want to setup an organization for the purposes of educating investors, tenants and landlords on various real estate issues and to encourage them to lobby congress for reforms on some real estate issues. I don't want to set up a nonprofit, because I won't be soliciting donations. I'm funding it myself. It will be web based, but I want some sort of public filling to reserve the name rights and add legitimacy to the organization. I do have my own office for filling purposes. What type of professional association or organization should I start? None of my attorneys have any idea. Thanks! Ed
4 months ago - 1 answers
Best Answer
Chosen by Asker
From the IRS Business Leagues Section 501(c)(6) of the Internal Revenue Code provides for the exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues, which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual. A business league is an association of persons having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit.
Source(s)
by PiggiePants
4 months ago
Asker's Rating: 