South Carolina Annual Raffle Financial Report
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How to fill out South Carolina Annual Raffle Financial Report?
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Visit the Secretary of State's website at .sos.sc.gov to access the Business Entities Online filing application. You can also download the Articles of Incorporation form and submit it by mail. The fee to incorporate as a nonprofit corporation is $25.
Raffle laws vary from state to state; check with the attorney general for specific details where you reside. Most states prohibit raffles to entities other than nonprofit or exempt organizations. However, many nonprofits raise a lot of money and charitable interest by holding raffles.
Check how watchdogs like Charity Navigator, CharityWatch and the Better Business Bureau's Wise Giving Alliance rate an organization before you make a donation, and contact your state's charity regulator to verify that the organization is registered to raise money there. Do your own research online.
The NC General Statutes consider raffles as a form of gambling and are generally unlawful in the state of North Carolina.
profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.
Raffles are governed by the Nonprofit Raffles for Charitable Purposes Act found in S.C. Code of Laws Title 33, Chapter 57. Only qualified nonprofit organizations as defined in §33-57-120(A) are eligible to conduct raffles.
To start a nonprofit corporation in South Carolina, you must file nonprofit Articles of Incorporation with the South Carolina Secretary of State. You can submit your articles in person, by mail, or online. The articles of incorporation cost $25 to file. If you file online you'll also need to pay a $7.50 processing fee.