Originally Posted by daveh07
Could you do a not for profit card room and charge rake and put all the money back into the cardroom and sign it as a corporation and before people play they have to sign into the corporation so they are all part of the company?
I don't think you can set up something like a pokerroom as not for profit. I think it has to be specific types of "groups."
A pokerroom would have owners who should benefit from some type of profit.
Under this thinking, for example, I couldn't set up a non for profit T-Shirt seller, or Ice Cream business or something. But, maybe I could set up a water treatment certification group that's non for profit? Or, a neighborhood watch group or something.
This is just my interpretation. I'd love to be wrong about it!