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Recent content by Chris Gleo

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    Are huge legal problems in my future?

    Really appreciate the reply! I’m fresh out of college and college does NOT teach you everything... so I’m excited to learn more. I’ve already contacted a tax professional who I intend to meet with soon. The company is currently set up as a for profit LLC and net profits are given to charity...
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    Are huge legal problems in my future?

    My salary is expensed before profits are calculated. Dozens of companies advertise “all profits to charity” and still allow for corporate salaries. Newman’s Own is a fair example although their structure is a bit different... That said, your point is taken and I will look elsewhere for advice.
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    Are huge legal problems in my future?

    Hey everyone! So I’ve set up a company that sells goods and gives 100% of profits to charity. The company is owned by a board consisting of my close friends and is set up to pay me a reasonable salary... My latest marketing campaign has generated a ton of interest from people who want to...
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    Best business model?

    hey everyone, I want to start an e-commerce company where my salary is separate from the company’s profits. The plan is to pledge 100% of net profits to a local charity I volunteer at, but take a $40,000 salary along the way. What is the best business model to use? Should I form a c Corp or is...
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    giving all my company’s profits away! (Preferably without starving)

    I thought a c Corp was the only way to separate CEO salary from corporate profits? I’m thinking I may have to just pledge 90% to charity and keep 10% as my cut though... the “1 for 1” model doesn’t really fit with my product or cause, but I may be able to do something along those lines. I’m...
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    giving all my company’s profits away! (Preferably without starving)

    I would disclose my salary and maybe other expenses... possibly apply for a b Corp certification. I work in the field I want to support (wildlife rehabilitation) and I already have tens of thousands of social media followers that interact with my posts about wildlife. I’m just tired of the...
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    giving all my company’s profits away! (Preferably without starving)

    hey everyone! I’m thinking about starting a c Corp that donates 100% of profits to a charitable foundation. I want to collect a reasonable salary and donate the remainder. My products competitive edge is its charitable spirit, so I want to advertise “100% of profits go to charity” Here are my...
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    Introducing myself

    INTRO 
    (Sorry if this is in the wrong spot) Hey everyone! Im new :) My name is Chris, I'm a 21 year old business student who’s sick of the educational system. If middle management was my dream job than maybe business class would be enough... but I’m looking to self educate through real world...
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