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Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing
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Finding Money: The Small Business Guide to Financing
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Starting a Chocolate Society/Club

Q. I am a chocolate enthusiast, lover, supporter, and addicted. I am curious to know how to start a chocolate society for myself and other like-minded fanatics. I have not found one based in the U.S.A. My hope is that I could mail a newsletter and special offers to the society members. Is this possible? If so, how do I go about starting it, promoting it, sustaining it, financing it, and doing whatever it is that I need to do to support its growth. -- Margaret 

Advice by Leigh Nixon

 

Dear Aaron: 

I read your request and this sounds like a great thing to do! Here's what I know about starting a non-profit society:

1) Obtain forms from your CPA: a) California Form 3500 b) Federal Form 1023

2) You will need Articles of Association to submit to the Secretary of State along with a set of bylaws

3) Once you have all of this paperwork filled out, you will recieve a non profit status from all three entities and can begin to solicit business or members etc.

The cost is approximately $900, which you will receive back upon receiving approved status. Once you have your State and IRS numbers that make you credible, you can use those in your letters of solicitation. Your CPA or attorney can help you fill them out, or if you need help once you receive the forms, I will assist you as well by phone or e-mail. Good luck! Leigh 

 

About the PowerHomeBiz.com Guide:  

Leigh Nixon, President/CEO, The Simi Valley Chamber of Commerce (Business Plans and Marketing) Leigh has been in the Chamber profession for 17 years. She began her career with the Irvine Chamber as Membership Director and then served the Temecula Chamber as Special Events Manager, managing a 100,000 person Balloon & Wine Festival event, before becoming their CEO in 1989. She was with the Santa Clarita and Palmdale Chambers before taking the helm of the Simi Valley Chamber in April 1999. Prior to her Chamber career, she was in the banking industry for 16 years, most of which was as a bank official in corporate banking and branch management.  


The opinions expressed in this column are those of the author, not of PowerHomeBiz.com. Users should not treat the Guide's response as legal, accounting, or professional advice as all answers are intended to be general in nature. Such advice can only be properly given by qualified professionals who are fully aware of a user's specific geographical areas or circumstances, such as an attorney or accountant.

   

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