How do we go about raffling off our business or just the land?

Get Legal Help Today

secured lock Secured with SHA-256 Encryption

How do we go about raffling off our business or just the land?

Asked on January 9, 2012 under Business Law, Alaska

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

Under the laws of most states, in order to have a legal raffle under the law, the entity that is conducting the raffle must be a recognized charitable organization under Internal Revenue Service requirements (tax exempt organization) and the entity is in compliance with state law in conducting the desired raffle and has registered the intended raffle with the designated entity overseeing the process, most likely the attorney general's office.

If you are an individual who wants to raffle off your business or land, you cannot legally do this.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption