What is the name of your state?Michigan
I have an idea about selling a house through a raffle. Does anyone know any legal implications with this. I propose to sell 10,000 raffle tickets for a new home at $20 each. The money brought in from the sale of the tickets would be used for the purchase of the land and materials. I am a licensed builder in my state. The raffle would be for a specified period of time probably 6 months. Completion of the home would be within 12 months of the close of the ticket sales.
Do I need to registar with a certain agency. I know that I will need a lawyer to set it up but right now I am in the research stage of this project.
Any insight or knowledge would be helpful.
[email protected]
I have an idea about selling a house through a raffle. Does anyone know any legal implications with this. I propose to sell 10,000 raffle tickets for a new home at $20 each. The money brought in from the sale of the tickets would be used for the purchase of the land and materials. I am a licensed builder in my state. The raffle would be for a specified period of time probably 6 months. Completion of the home would be within 12 months of the close of the ticket sales.
Do I need to registar with a certain agency. I know that I will need a lawyer to set it up but right now I am in the research stage of this project.
Any insight or knowledge would be helpful.
[email protected]