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Last post 21 years ago by drrgill. 3 replies replies.
Starting a Cigar Club - non-profit status? LLC?
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bakesesq33 Offline
#1 Posted: Fri, Jun 7 2002, 12:45 PM EST
Joined: 03-20-2001
Posts: 1
Would like to start a cigar club in Upstate NY and was curious if anyone had information on how to legally organize a club in order to make purchases, etc. Is it necessary to file for a Non-profit Corp? seek IRS 501 status? any help would be appreciated. thanks
busdaddy Offline
#2 Posted: Mon, Jun 10 2002, 9:14 AM EST
Joined: 09-16-2001
Posts: 45
I passed the cpa test in a previous life. If your objective were a true/false question on that test in terms of "This can be done", I would've answered "false".
busdaddy Offline
#3 Posted: Mon, Jun 10 2002, 9:19 AM EST
Joined: 09-16-2001
Posts: 45
Bake -- sorry, I re-read your thread. I'm reading between the lines and assuming the IRS reference is because you wish to do this as some type of tax-exempt entity. If so, my previous opinion rests. However, if not, then please ignore both...

Good luck anyways.
drrgill Offline
#4 Posted: Mon, Jun 10 2002, 5:14 PM EST
Joined: 06-10-2002
Posts: 1
Bake-I manage a medical 501 c3 Public Charity. I had very little knowledge when I started this venture 10 years ago and several very good books on the subject. E-mail me at [email protected] and I will send you the info on the books and website info.

drrgill
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