|
-- Posted by iwashere85 at 2:33 pm on Mar. 13, 2008
Alright, only answer if you actually know the answer. LiveWire probably isn't the best place for me to ask this, hah. I have designed a website, and several people want to donate to it that have found it. In order for me to accept the donations, what do I have to do? Legally, of course. :)
-- Posted by Stand Up at 2:40 pm on Mar. 13, 2008
I think that if you make an account and they deposited in it saying the money is going to be used for the website? Or maybe ask a Lawyer? Just in case.
-- Posted by iwashere85 at 2:50 pm on Mar. 13, 2008
I'll ask my friend, who just graduated and is a lawyer. :)
-- Posted by allsmiles at 3:01 pm on Mar. 13, 2008
Just make a PayPal account and set up a donations button. I dpon't think that the money's yours until it's in your bank account. So there's no legal ramification.
-- Posted by DefaultTo0 at 4:45 pm on Mar. 18, 2008
I think you're right - LiveWire probably isn't the best place to ask about this. I could see a few potential issues, such as what you do with the money etc, but I'm no expert. I'd advise you to have a chat with someone who is well-versed in such topics.
-- Posted by iwashere85 at 6:26 pm on Mar. 18, 2008
Ha, I learned as long as I don't get a major income, I will not be bothered. Basically, I am making a total profit of: $0.00, so it is not an issue.
-- Posted by DefaultTo0 at 5:56 am on Mar. 19, 2008
Then in all honesty, it shouldn't really matter.
-- Posted by drifting at 1:40 pm on Mar. 19, 2008
You can take donations on your site using Paypal. Unless you get $500 or more in a year, you dont have to claim it on your taxes. You probably dont qualify as non-profit, so that doesnt really matter (LW still doesnt have a 401-C3, and they probably would qualify).
|