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

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Chris Gleo

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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
 
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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.
 
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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
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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