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  1. #1
    Join Date
    Nov 2009
    Posts
    1

    Default Information for Starting a Business-Charity Organization

    My question involves business law in the state of: Arkansas

    I am considering starting a company similar to TOMS Shoes. It will be a clothing company where half of the profits would go to a fund set up to help families with terminally ill children.

    My question(s) is/are:
    Do I need to register this organization with the state?
    Do I need any particular license?
    Is there any other info you think I need to know of?

    I dont know where to start, so I figured here would be a good stepping stone.

    Thanks in advance.

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    65,074

    Default Re: Information for Starting a Business-Charity Organization

    Presumably you would want to incorporate. You would need all of the requisite business licenses and a sales tax license for your enterprise - read this and this, for starters. Giving away half of your profits isn't enough to make you a non-profit, and even less tax-exempt.

  3. #3
    Join Date
    Nov 2009
    Posts
    5

    Default Re: Information for Starting a Business-Charity Organization

    popejoy. im on the same boat as you. im trying to start a bartending business and give away money

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