What is the name of your state (only U.S. law)? California
I currently work in an industry that installs a product at a clients home and hauls the old unit away. If refurbished, these units are worth about $250 each. I would like to start a nonprofit, sell these items, and donate all of the money to local charities. The units are currently just thrown away, and I estimate that if the companies gave them to me, I would be gathering about 40 units per week from each company.
My questions are:
1. Who really owns the units and can the companies give them to me without reporting them as some sort of income for themselves?
2. The units are worth about $1200 new so can i give them a donation receipt for that amount or would it be the refurbished amount?
Thanks in advance. I am trying to make this as easy on them logistically as possible. Your help is greatly appreciated.
I currently work in an industry that installs a product at a clients home and hauls the old unit away. If refurbished, these units are worth about $250 each. I would like to start a nonprofit, sell these items, and donate all of the money to local charities. The units are currently just thrown away, and I estimate that if the companies gave them to me, I would be gathering about 40 units per week from each company.
My questions are:
1. Who really owns the units and can the companies give them to me without reporting them as some sort of income for themselves?
2. The units are worth about $1200 new so can i give them a donation receipt for that amount or would it be the refurbished amount?
Thanks in advance. I am trying to make this as easy on them logistically as possible. Your help is greatly appreciated.
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