How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask NYLAWLADY Your Own Question

NYLAWLADY
NYLAWLADY, Attorney
Category: Business Law
Satisfied Customers: 814
Experience:  15 YEARS IN PRIVATE PRACTICE BUSINESS COMMERCIAL LITIGATION
19692210
Type Your Business Law Question Here...
NYLAWLADY is online now
A new question is answered every 9 seconds

We have developed a social website to improve the communication

Resolved Question:

We have developed a social website to improve the communication among parents of schools going kids. Our product users (school kids parents) love the functionality and want to use it. However, most school districts and school principals are not approving to use our product in public schools stating that they can only allow and endorse only “non-profit” organization’s products in the public schools. Without schools approvals, we can't scale our business model.

We have two goals and expectations from this product: 1. “Do Social Good” by improving the parent’s communication 2. “Earn Money” by showing online/banner ads to the parent’s users using our website.

To achieve above goals, we are considering setup a Non-Profit organization 501 c3.

From the profits, we will pay our salaries and operational expense, and re invest the remaining profits into our website; so it full fills of our goal of doing “social good”.

1. What are your thoughts/view on setting the non-profit organization for above goals? W can’t urn this program under S or C-corp as public schools don’t encourage “for-profit” programs.

2. Are there any restrictions on the amount of salary withdrawn by founding members of a "non-profit" organizations?

We are 3 ffounding members based in Calfornia.
Submitted: 2 years ago.
Category: Business Law
Expert:  NYLAWLADY replied 2 years ago.
The guidelines for a 501 c(3) are strict and it doesn't sound like you fit those guidelines see
www.irs.gov/charities/charitable/article/0,,id=96099,00.html for specific information. Unless you fir those guidelines exactly you will not be eligible for 501 c 3 status and the schools will therefore not endorse the site.
Customer: replied 2 years ago.

Thanks Attroney, for yoru advice. Looks like, our current model will not fit into the Non-Profit category without major changes to our model.


We are ready to give-up our secondary goal of "making money" from thsi website, and focus on the primary goal of "Doing good to improve the communication among kids parents".

 

Do you see a way to qualify us under Non-profit organization? if we are ready to make above and any other changes. I am just trying to accept all changes as our company will die other wise anyway

Expert:  NYLAWLADY replied 2 years ago.
you will need more than that. the 501 c 3 must actually support a group that it is helping- such as the pta or another not for profit group and you must show what you are doing in a concrete fashion.
NYLAWLADY, Attorney
Category: Business Law
Satisfied Customers: 814
Experience: 15 YEARS IN PRIVATE PRACTICE BUSINESS COMMERCIAL LITIGATION
NYLAWLADY and 7 other Business Law Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
< Last | Next >
  • http://ww2.justanswer.com/uploads/LA/lawpro/2012-6-25_171315_PT206740s.64x64.jpg Law Pro's Avatar

    Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
  • http://ww2.justanswer.com/uploads/DC/DCraneEsq/2012-8-14_14436_DCrane.64x64.jpg MShore Law's Avatar

    MShore Law

    Attorney

    Satisfied Customers:

    1233
    Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    1162
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    1142
    Run my own successful business/contract law practice.
  • http://ww2.justanswer.com/uploads/ohioatty/2009-1-22_185545_me.jpg J.Hazelbaker's Avatar

    J.Hazelbaker

    Attorney

    Satisfied Customers:

    393
    Experienced and trained in the area of business law.
  • http://ww2.justanswer.com/uploads/scottymacesq/2009-6-10_221523_small.jpg RGMacEsq's Avatar

    RGMacEsq

    Attorney

    Satisfied Customers:

    393
    Licensed Texas General Practice Attorney
  • http://ww2.justanswer.com/uploads/BA/barristerinky/2012-6-10_22423_office.64x64.jpg Barrister's Avatar

    Barrister

    Attorney

    Satisfied Customers:

    301
    13 years practicing attorney, MBA
 
 
 

Related Business Law Questions