EIN number is in leu of a social security number. The teams name will be on the card and checks.
This will allow sponsors to write checks to the team and not the coach. A 501c3 is only nesc if you're getting sponsorship for over $2000. The second bonus is tax free on purchases. Sponsors can still write off sponsorships on their tax's by labeling it as advertising expenses. The team will not pay any tax's to the IRS (or need to file)...
This will allow sponsors to write checks to the team and not the coach. A 501c3 is only nesc if you're getting sponsorship for over $2000. The second bonus is tax free on purchases. Sponsors can still write off sponsorships on their tax's by labeling it as advertising expenses. The team will not pay any tax's to the IRS (or need to file)...
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