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Author: 4aapl Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121587  
Subject: Re: OT sponsorship tax Date: 7/19/1999 1:45 PM
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It would pretty much be a hobby. We don't have a organization or group this is for....it would just be 2 of my friends and then whoever else we know who wanted to go on the trips.

My main purpose is not to sell advertising or make a profit, but to pay for part or all of the bus and related stuff so that I don't end up paying $5-10k for the bus and related fixes and stuff. (FYI, many of the people on busnut put in over $100k when buying an old greyhound and doing a complete conversion...or you can buy a profesionally converted one for about $270k. It's not a cheap thing to get into if you're aim is a souped up RV. Luckily I'm young and don't need an RV, just a way to transport a lot of people and stuff...and have some fun too)

From the Gift Tax section it looked like I could get sponsors to give me a money as a gift, even if I planned to put their logo on the side of the bus as a partial return to them.

Does that clear it up any? If I had a good example I would give it to you. Various club sports at colleges get sponsorship, but those are non-profit organizations. Many athletes get "sponsorship deals"....not the big ones for Jordon or Tiger Woods, but the smaller time Triathlete who gets a little money to help pay for travel and race fees, in turn for wearing their logo and maybe giving out some samples. Those are about the best examples I can come up with right now....hopefully they will help.

Frustrated

Aaron
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