LLC a travel team
- Thread starter jsnfltn
- Start date
Welcome to Discuss Fastpitch
Your FREE Account is waiting to the Best Softball Community on the Web.
My guess is you are referring to setting up your travel team as an LLC corporation. Some big organizations with multiple teams may do that, especially if they generate revenue, but most TB teams I am aware of operate on a "break even" budget. Some even operate as a 503C, so they are tax exempt. Just find a bank that will let you open a checking account in the team name and you are in business!
Last edited:
Most of the teams here are set up as a 503.c organization for tax purposes.
Unless you a huge org looking to make profit, this is the way to go.
It takes some time and money but get the 501C3 and then get a couple of parents to start applying for grant$! 
What does the LLC do for you? As a business owner it shielded my private possessions from lawsuits that might happen in the business. Other then limiting my liability it didn't do much else. You can limit your personal liability on a TB team via signed agreements and waivers.
Here is a website that might help: Starting a nonprofit | Establishment | Nonprofit Management | Knowledge Base | Tools | GrantSpace.
To become a 501c3, you will need to fill out form 1023 or 1023EZ (if your income is under $50,000) and pay a one time filing fee of $400. You can file your yearly tax form with this free online site for charities: Form 990 Online
Good luck! It seems like a lot, but if you just take it step by step it's not too bad.
To become a 501c3, you will need to fill out form 1023 or 1023EZ (if your income is under $50,000) and pay a one time filing fee of $400. You can file your yearly tax form with this free online site for charities: Form 990 Online
Good luck! It seems like a lot, but if you just take it step by step it's not too bad.
