The reason I am asking this is because my parteners and I would like to take over this youth program that has been really failing and it's suffering each year and the people who are running it are stealing money away from the kids. please let me know if there is a way of doing this. Thank You
2006-06-28 08:43:11 · 4 answers · asked by fbcoachca 1 in Business & Finance ➔ Investing
Why not start your own organization? If you try to take over the existing one, you may get your hands dirty dealing with the crooks who are now running it, and the mess they left. In addition, they are creating a bad name for themselves. Start fresh.
2006-07-05 08:43:44 · answer #1 · answered by Thinker 5 · 1⤊ 0⤋
Hi,
May I try to answer you question?
1) you have to treate the non-profit organization for the beginning term. It's normal. Maybe, they tried to avoid the tax issue.
2) The organization profit or non-profit/can keep profit later.It's totally depends on the mananagement.
I am working for kids edu program near 3 years and I know what you are concerned. Now, I have intention to sell my business(positive fig.) because I wanted to change other business line.
Try to think about the real "VALUE" of the non profit organization and think about the kids enjoyed the program. Risk is oppotunities.
jw1383vv@yahoo.com.hk
2006-06-29 07:12:28 · answer #2 · answered by sf W 1 · 0⤊ 0⤋
You can not buy the organization, because non for profit organizations are usually not owned by anyone for you to buy it from them. But you can take it over.
2006-06-28 15:48:46 · answer #3 · answered by crazykluber 1 · 0⤊ 0⤋
No you cannot legally buy it. However, if it is being mismanaged, and you have STRONG evidence of it, you should bring that to the attention of the local city/county authorities. Call your county district attorney's off ice and explain.
2006-06-28 17:25:54 · answer #4 · answered by Puzzleman 5 · 0⤊ 0⤋