Sponsor Question

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El Dog
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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?

:?:
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PK
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Re: Sponsor Question

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

Yes to all.
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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?
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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.
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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.
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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.
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El Dog
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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
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