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Post by triskellin on Feb 1, 2005 7:05:20 GMT -5
hi everyone,
was just curious if your team is a registered business, or incorporated as a company? does anyone know if it's possible to perform for businesses and govt. councils just as a private school? my team name isn't registered anymore since my sifu retired, but i still use the name when businesses/corporations ask us to do shows. i was thinking i probably should incorporate it as a company or something, just to be official and play on the safe side....
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Fatman
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Post by Fatman on Feb 1, 2005 17:02:19 GMT -5
If they do not require a receipt for payments, then I would not worry about it. Alternatively you can register as a non-profit club and then the payments can be dealt with as a donation and they get tax benefits out of it  . |
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Post by Suhana LIM on Feb 2, 2005 4:58:51 GMT -5
If they do not require a receipt for payments, then I would not worry about it. Alternatively you can register as a non-profit club and then the payments can be dealt with as a donation and they get tax benefits out of it . Fatman ni hao Pardon me for join in. If the bukoan registered as a non-profit , is the club still be able to charged students? Cheers. |
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Fatman
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Post by Fatman on Feb 2, 2005 21:46:40 GMT -5
Fatman ni hao Pardon me for join in. If the bukoan registered as a non-profit , is the club still be able to charged students? Cheers. Yes you can. I am not sure what the rules are exactly, but I think the term really should be 'not-for-profit' rather than 'non-profit'. It means that the purpose of the organisation is not to make a profit, but to provide a service. It is still allowed to make income to cover costs. You are probably best consulting an accountant or lawyer about this. |
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Post by Suhana LIM on Feb 3, 2005 4:04:44 GMT -5
Yes you can. I am not sure what the rules are exactly, but I think the term really should be 'not-for-profit' rather than 'non-profit'. It means that the purpose of the organisation is not to make a profit, but to provide a service. It is still allowed to make income to cover costs. You are probably best consulting an accountant or lawyer about this. Fatman ni hao Thanks. Btw, is your bukoan under this category? Cheers. |
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Fatman
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Post by Fatman on Feb 3, 2005 17:26:56 GMT -5
We have incorporated as a company, so we can trade like any other company.
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Post by Suhana LIM on Feb 4, 2005 4:07:07 GMT -5
We have incorporated as a company, so we can trade like any other company. Fatman ni hao Thanks. Btw, survived the havoc weather yesterday? Cheers. |
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Fatman
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Post by Fatman on Feb 7, 2005 18:06:17 GMT -5
Yes, I survived. Amazing storms.
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