I own a small veterinary practice and I have a substantial amount of $ that clients owe to me. A large percentage of my clients are low income. I have decided to continue to allow my clients to make payments. There are many of the clients that would benefit from charitable donations. I am wondering if I can create a non-profit for charity to my clients. I realize that the income would come to me through the business, but I am hoping that it is not a conflict of interest
to do this. As it stands now, I am the only veterinarian in 2 counties that is accepting payments from clients. Because I am an S corporation
, I am taking the financial liability on personally for the 2 hundred thousand client debt that I carry. If I could start an non-profit and raise money for qualified low income clients, I could keep them from going to collections and distribute the financial burden to several people/businesses instead of just to me personally.
JA: Since business law varies from place to place, can you tell me what state the corporation is registered in?
Customer: Washington State, Snohomish County
JA: Has anything been officially filed? If so, what?
Customer: No, I am beginning the exploratory process now.
JA: Anything else you want the lawyer to know before I connect you?
Customer: I am willing to continue as things are. We are improving our collections procedures, but I am hoping to provide more assistance then I currently can provide. We are now starting to turn away cases because of the financial burden on the small business.