Sponsor Question

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El Dog
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Location: El Dorado, KS

Sponsor Question

#1 Post by El Dog » Fri Dec 13, 2013 10:34 am

I have always taken it (them) for granted I guess, but what does it take for the sponsors on the L side of the website pages to get their company logo there and to be named a sponsor of FMHSC?

Do they:
1) donate funds to FMHSC?
2) give rider discounts on purchases?
3) provide 'goodies' for grab bags at the annual banquet?
4) combination of the former 3?

:?:
El Dog
#1042 ,'10 CRF 250

PK
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Re: Sponsor Question

#2 Post by PK » Fri Dec 13, 2013 12:11 pm

Yes to all.
Perry Keegan

2008 Race of the Year Drexel MO
2010 Race of the Year Big Springs KS
2011 Race of the Year Big Springs KS
2014 Race of the Year Big Springs KS
2017 Race of the Year Heartland Motorsports Park

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El Dog
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Re: Sponsor Question

#3 Post by El Dog » Fri Dec 13, 2013 2:20 pm

Are these donations (of any type aforementioned) tax deductible?
El Dog
#1042 ,'10 CRF 250

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swedishfishmx
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Re: Sponsor Question

#4 Post by swedishfishmx » Fri Dec 13, 2013 5:47 pm

For the company or you? :? Seems odd to what do know.
Brad Stretz | 243
Husqvarna TC250
Donnell's Motorcycles
DeCal Works
Liechti Racing

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El Dog
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Re: Sponsor Question

#5 Post by El Dog » Fri Dec 13, 2013 9:24 pm

@Streets:
swedishfishmx wrote: Seems odd to what do know.
..not sure I understand your inquiry.
El Dog
#1042 ,'10 CRF 250

DEA
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Re: Sponsor Question

#6 Post by DEA » Sat Dec 14, 2013 4:01 pm

yes, they would be a tax deduction for a business for advertisement. That being said you can also write off any racing expenses as well and call it Sponsorship or advertisement.
Thanks to Katie, Luke, Ali, and LETKO Cycles, Kenda, Amsoil, ODI, DT1, HBD Motographx, Dirt Tricks, Acerbis, Scott, AXO, Gaerne, Pivot Works, Vertex, Hot Rods, and Regina for the support. #215

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swedishfishmx
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Re: Sponsor Question

#7 Post by swedishfishmx » Sun Dec 15, 2013 12:13 am

El Dog wrote:@Streets:
swedishfishmx wrote: Seems odd to what do know.
..not sure I understand your inquiry.
:shock: "Want to know". Talk about bad typing on my part. And to add to this, I guess it's not odd to inquire about sponsorships being tax deductible if they owned a company.

DEA answered the question anyways.

Sorry about the confusion.
Brad Stretz | 243
Husqvarna TC250
Donnell's Motorcycles
DeCal Works
Liechti Racing

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El Dog
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Location: El Dorado, KS

Re: Sponsor Question

#8 Post by El Dog » Sun Dec 15, 2013 9:46 pm

Thanks, guys.

I do own a private business outside of what I do everyday, but was thinking more about asking Mid America Powersports down here in Wichita if they would consider one of the above. Would be nice to have a place here that would offer a rider discount on parts and the like.
Looking forward to the 2014 season!

Merry Christmas All!

~Russ
El Dog
#1042 ,'10 CRF 250

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