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Old 11-15-2007, 08:29 PM
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Default Can a for-profit business ask for donations?

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Old 11-15-2007, 08:35 PM
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Sounds like what you're looking for is an "angel investor."

I'm not sure where you're located but some Canadian resources are:
*edit*
I just saw that you were based in Indiana.
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Old 11-15-2007, 08:44 PM
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Old 11-15-2007, 08:50 PM
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Quote:
Originally Posted by frankfortpost View Post
Is this a valid concern? Or do you think this would be an issue?
Your concerns are as valid as you make them. In other words, if you think it's going to be a problem, then it probably will be.

Part of the whole process about attracting an angel investor (or any other type of investor, for that matter) involves handing over a certain amount of control.

That said, if you can find an investor that's in synch with your vision then that will probably mitigate issues before they start.

How well connected are you in your local business community? That may be a good place to start.
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Old 11-15-2007, 10:00 PM
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Quote:
Originally Posted by frankfortpost View Post
But, can a for-profit business, ask for donations?
Pavlina, LLC, which owns this website, is a for-profit company, and the company, aka Steve, also ask for donations on every single one of his 600+ pages. So I don't see why you can't ask for donations either
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Old 11-15-2007, 10:07 PM
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Old 11-15-2007, 10:09 PM
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Quote:
Originally Posted by seeker5 View Post
Pavlina, LLC, which owns this website, is a for-profit company, and the company, aka Steve, also ask for donations on every single one of his 600+ pages. So I don't see why you can't ask for donations either
Funny how you can miss the smallest things! True. lol.

I don't see myself getting tons of local hits anytime soon though, as I would need a door knocking approach. That is where I need to know the methods, and ethical questions, on doing this correctly.
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