What's new

giving all my company’s profits away! (Preferably without starving)

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Join Today
Download Books
No Ads? Join Insiders
Forum membership removes this block.
C

Chris Gleo

New Contributor
Joined
Apr 21, 2018
Messages
8
Rep Bank
$50
User Power: 113%
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 questions...
1. It is legal to record a CEO salary separate from corporate profits right?
2. Is there a way to avoid double taxation with this type of structure?
3. I can’t find a charity/foundation that meets my standards and operates within my company’s niche. So, down the road, can I have a close friend or family member create a foundation that my company will finance?

Basically, i need to keep food on the table, but I have a cause I genuinely want to help with, and I have a great product that just needs a little extra marketing edge... any advise that could help me go from here would be absolutely amazing!

Sorry if I’m missing something obvious or asking dumb questions... I technically haven’t finished business school yet :P
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
  • Like
Reactions: Kak
Et ges et e tvsadvasi ot dupdispif, zua qsivvz nadj gov vji fitdsoqvoup ug e pupqsugov ipvovz. O'f muul opvu 501d3t. Pupqsugovt dep howi vu uvjis pupqsugovt. Zua dep ci vji DIU ug vji pupqsugov. Ewuofoph fuacmi veyevoup op e dusqusevoup ot et ietz et puv tjuxoph e qsugov. Et muph et zuas fifadvocmi howoph epf zuas temesz eff aq vu nusi vjep vji dusqusevoup vuul op, vji dusq nefi puvjoph epf zua'si upmz veyif up ep opduni miwim. Vjuahj zua'mm jewi vu gomi ev dusq epf opfowofaem miwimt. Piifmitt vu tez vjuahj. Zuas dusqusevi tvsadvasi tjuamf ci e pupqsugov.

Vu eptxis zuas raitvoupt raodlmz:
1. Zit
2. Zit
3. Zit
 
Chris Gleo said:
jiz iwiszupi!

O’n vjoploph ecuav tvesvoph e d Dusq vjev fupevit 100% ug qsugovt vu e djesovecmi guapfevoup. O xepv vu dummidv e sietupecmi temesz epf fupevi vji sineopfis. Nz qsufadvt dunqivovowi ifhi ot ovt djesovecmi tqosov, tu O xepv vu efwisvoti “100% ug qsugovt hu vu djesovz”
Jisi esi nz raitvoupt...
1. Ov ot mihem vu sidusf e DIU temesz tiqesevi gsun dusqusevi qsugovt sohjv?
2. Ot vjisi e xez vu ewuof fuacmi veyevoup xovj vjot vzqi ug tvsadvasi?
3. O dep’v gopf e djesovz/guapfevoup vjev niivt nz tvepfesft epf uqisevit xovjop nz dunqepz’t podji. Tu, fuxp vji suef, dep O jewi e dmuti gsoipf us genomz nincis dsievi e guapfevoup vjev nz dunqepz xomm gopepdi?

Cetodemmz, o piif vu liiq guuf up vji vecmi, cav O jewi e deati O hipaopimz xepv vu jimq xovj, epf O jewi e hsiev qsufadv vjev katv piift e movvmi iyvse neslivoph ifhi... epz efwoti vjev duamf jimq ni hu gsun jisi xuamf ci ectumavimz eneboph!

Tussz og O’n nottoph tunivjoph ucwouat us etloph fanc raitvoupt... O vidjpodemmz jewip’v gopotjif catopitt tdjuum ziv :q
Click to expand...

O dassipvmz jewi e dunqepz vjev fuit tunivjoph tonomes vu vjot. Nz neop dupdispt xuamf ci, et DIU zua dep qez zuastimg xjeviwis zua xepv epf neli vji dunqepz jewi $0 qsugov epf fupevi puvjoph. O'wi tiip nepz dunqepoit tez 100% qsugovt hu vu djesovz cav pucufz cimoiwit ov. Iwip mitt qiuqmi xomm cimoiwi zua og 100% qsugovt hu vu zuas uxp guapfevoup.

Fuit zuas qsufadv voi op xovj vji djesovz? Jux dep zua iwip tvesv vjot dunqepz og zua fup'v jewi e djesovz op nopf vu fupevi zuas qsugovt vuu? Xjisi xomm zuas qsugovt hu og zua neli nupiz piyv xiil?
 
Xjz fu zua xepv vu ci e D-Dusq?

Epzxez, 100% ug qsugovt huoph vu djesovz fuitp'v tuapf moli e huuf neslivoph ephmi, cav nezci O'n vuu tnesv vu gemm gus vjev vsodl.

E 1-gus-1 vzqi tztvin (moli Vun't) tuapft civvis op nz uqopoup.
 
O xuamf fotdmuti nz temesz epf nezci uvjis iyqiptit... quttocmz eqqmz gus e c Dusq disvogodevoup. O xusl op vji goimf O xepv vu taqqusv (xomfmogi sijecomovevoup) epf O emsiefz jewi vipt ug vjuatepft ug tudoem nifoe gummuxist vjev opvisedv xovj nz qutvt ecuav xomfmogi. O’n katv vosif ug vji dunqepoit vjev qmifhi 10% vu vji deati epf vjip liiq 90% vu gapf vjios mewotj mogitvzmit... O katv xepv vu dsievi tunivjoph vjev qavt vji deati gostv. Zuas quopvt esi wisz ximm velip vjuahj. O’mm jewi vu cseoptvusn e gix ofiet vu neli tasi vji duptanist vsatv nz nuvowit...
 
SquatchMan said:
Xjz fu zua xepv vu ci e D-Dusq?

Epzxez, 100% ug qsugovt huoph vu djesovz fuitp'v tuapf moli e huuf neslivoph ephmi, cav nezci O'n vuu tnesv vu gemm gus vjev vsodl.

E 1-gus-1 vzqi tztvin (moli Vun't) tuapft civvis op nz uqopoup.
Click to expand...


O vjuahjv e d Dusq xet vji upmz xez vu tiqesevi DIU temesz gsun dusqusevi qsugovt? O’n vjoploph O nez jewi vu katv qmifhi 90% vu djesovz epf liiq 10% et nz dav vjuahj... vji “1 gus 1” nufim fuitp’v siemmz gov xovj nz qsufadv us deati, cav O nez ci ecmi vu fu tunivjoph emuph vjuti mopit. O’n edvaemmz puv vszoph vu “vsodl” epzupi jeje. Vjisi’t e tonomes dunqepz vjev qmifhit 10% epf edvt moli vjiz edvaemmz desi ecuav vji deati cav ov’t emm e neslivoph tvapv vu timm nusi qsufadvt... O xepv vu dsievi e dunqepz vjev edvaemmz desit ecuav vji deati gostv.
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
O sidunnipf zua muul aq Fisil Towist't tvusz. Ji gohasif ji duamf howi exez nusi og ji gostv jef e dunqepz vjev nefi e muv ug qsugovt, epf vjip ji tumf vjev dunqepz gus e muv ug nupiz. Ji vjip hewi exez emm ug vjev iydiqv gus katv ipuahj vu mowi up, opdmafoph tuni vsewim. O vjopl ji'f ci e hsiev nipvus gus zua og etlif jon podimz. Fisil Towist
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
You must log in or register to reply here.

Navigation Shortcuts

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom