Investor solicitation laws and paperwork. It appears Reg D Rules 505 or 506 would be applicable to a $3 million securities offering. A comprehensive business plan is always a good starting point; however, large investor solicitations have investment risks, other purchaser disclosure, and financial information requirements.
Of course, if you own your business, then it is a woman-owned business; however, whether any other minority or women-owned business certification would possibly be of any advantage for your particular business will depend on your target customers, financing requirements, and other factors.
Minimum wage regulations: The following government and labor information indicates that outside sales jobs are not subject to minimum wage laws and could possibly receive no pay other than earned sales commissions:
Scholarship programs. There are different approaches to establishing scholarship programs which range from an annual scholarship awarded by a business to a nonprofit foundation that may fund many scholarships. We do not know how much money your business plans to spend on scholarship awards or if you plan to operate a nonprofit organization to raise money for scholarships, but establishing a scholarship program with preferential tax treatment for donations involves the creation of a nonprofit charitable entity.
There are various considerations (legal, tax, general operational, etc.) that must be addressed when starting a nonprofit. Forming a nonprofit business first involves the determination that your planned activities will qualify for an IRS nonprofit exemption.
A personal gift is not includible in the gross income of the recipient, or donee, of the gift; however, gifts exceeding the annual exclusion for gifts ($14,000 in 2013) may be subject to gift tax, which is the responsibility of the maker, or donor, of the gift. Whether a gift is subject to gift tax will depend on the donor’s total lifetime gifts.