Is it legal to do a fundraiser to help fund money for a small business like a show or something?

Say if I wanted to put on a talent show and have people made donations as well as the profit from going to see this show would be used to help fund a small business, like an entertainment company. Is it legal? It wouldn't decrease people's taxes or anything complicated by that. It would be just an... show more Say if I wanted to put on a talent show and have people made donations as well as the profit from going to see this show would be used to help fund a small business, like an entertainment company. Is it legal? It wouldn't decrease people's taxes or anything complicated by that. It would be just an individualism doing this. What are the laws regarding this? Do you need a license or pay taxes just for raising money to start a small business?
Update: Just curious if there's a way of not getting taxed. Also is there a limit to how much money you can raise at a detailed amount of time or anything like that?
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