Is it legal to ask for charitable donations for a for-profit business?

9 Answers

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  • Pat
    Lv 7
    2 weeks ago

    What is WRONG with you?

  • In
    Lv 6
    2 months ago

    It is unethical, but not necessarily illegal. Any donations would be fully taxable. Make sure donors know or you can be charged with fraud.

  • Judy
    Lv 7
    2 months ago

    No, a donation to a for profit business is not tax deductible

  • 2 months ago

    If you aren't a qualified charity, any transfer of funds to you would not be charitable...either a payment for service or a gift...but not charity.

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  • Maxi
    Lv 7
    2 months ago

    If it is a registered charity you can... otherwise pretending it is a charity is illegal

  • 2 months ago

    Sure, just as long as the business doesn't commit fraud by claiming to be a non-profit/charity.

  • marty
    Lv 7
    2 months ago

    While it is the case that a for-profit business can accept donations, it has to be careful not to run afoul of a state's laws against soliciting the public for donations without registering with the state attorney general. If a for-profit business is asking for "donations," it has to at least make it clear that the business is not a nonprofit.

  • Eva
    Lv 7
    2 months ago

    You have to make it very clear that it's not a tax-deductible donation. It is legal, but could reflect very poorly on your business.

  • Janet
    Lv 7
    2 months ago

    No it is not. A "for-profit" organization is a business, not a charity.

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