What steps do I need to take before having a silent auction?

Question

I want to have a silent auction for a fundraiser that I am holding. I think I might have to go to city hall and get some papers saying I can ask businesses for donations. If I do need to I don't know if I should go to city hall or just write city hall a letter. I'm not sure about what kind of tax reports I'm going to have to make either? PLZ help!!!!

Answer 1

To solicit donation of goods or money from businesses you need to a registered non profit org.  When you register the IRS gives you a tax exempt number. Businesses will request this number before giving you any donations.  What organization if the fundraiser for.  They may already have the necessary paperwork.  Do you intend to hold the silent auction on city property? If yes then you need a permit.  Town officials will also need the paperwork especially if you want the permit fee waived.