Can not for profit clubs be sold?

[Unregistered]

Heard a certain large club on the west side that likes to wear blue is for sale. What would a non profit be sold for? What do you actually buy? How much would you pay for the club

[Unregistered]

Non-profits cannot be sold

[Unregistered]

Must be sold at a loss.

[Unregistered]

They can sell all their stuff including player lists. But the money has to stay in a non-profit or get donated to a qualified cause.

[Unregistered]

Heard a certain large club on the west side that likes to wear blue is for sale. What would a non profit be sold for? What do you actually buy? How much would you pay for the club

West side of where?

[Unregistered]

West side of where?

west side of Oklahoma, what do you think

[Unregistered]

Heard a certain large club on the west side that likes to wear blue is for sale. What would a non profit be sold for? What do you actually buy? How much would you pay for the club

Does it actually have "west" in the club name?

[Unregistered]

West side of Orlando ryhmes with Hush

[Unregistered]

West side of Orlando ryhmes with Hush

Rush is for profit.

[Unregistered]

Rush is for profit.

Rush is a franchise. Franchisee can sell it just like one would a Dunkin Donuts

[Unregistered]

Rush is a franchise. Franchisee can sell it just like one would a Dunkin Donuts

How silly am I all along I thought they were non profit. I am certain many families that write big checks for scholarship money think the same.

[Unregistered]

How silly am I all along I thought they were non profit. I am certain many families that write big checks for scholarship money think the same.

More clubs are for profit than non profit. Setting it up as a non profit has some advantages, but also comes with many drawbacks; you have to have a board, hold meetings, prepare very detailed tax documentation each and every year, and your filing is public domain. Most club owners don't want anyone knowing their business. I don't know the details of that Rush branch's set up - it could be non profit - but unless parents got a from saying it was a legit charitable donation then all they did was help the club's bottom line by not having to eat the fees for a few stud players.

There are many websites that help you track down charitable 990s. If there isn't one filed then either it's a for profit or they're breaking the law and not filing.

[Unregistered]

More clubs are for profit than non profit. Setting it up as a non profit has some advantages, but also comes with many drawbacks; you have to have a board, hold meetings, prepare very detailed tax documentation each and every year, and your filing is public domain. Most club owners don't want anyone knowing their business. I don't know the details of that Rush branch's set up - it could be non profit - but unless parents got a from saying it was a legit charitable donation then all they did was help the club's bottom line by not having to eat the fees for a few stud players.

There are many websites that help you track down charitable 990s. If there isn't one filed then either it's a for profit or they're breaking the law and not filing.

Rush is for profit. So is GPS and OC. Not sure about FKK.

[Unregistered]

Rush is for profit. So is GPS and OC. Not sure about FKK.

FKK is for profit.

[Unregistered]

They can sell all their stuff including player lists. But the money has to stay in a non-profit or get donated to a qualified cause.

Sell the player list and get them for poaching