Club team becoming a NPO

[ColinRuss]

I play on a club team at DePaul University. Could we establish our club as a npo in order to become a legal business and get a business tax? The reason I ask is, if we can do this then we could buy equipment at wholesale and make it more affordable. Is this legal? let alone even possible?

thank you

CR

[jasaunders]

You are speaking to two different things. First, most likely, no, you cannot buy products at wholesale because you are not a retailer. However, this has nothing to do with becoming a NPO. As a NPO you may be afforded tax exempt status by the IRS, which would save you money; especially in Chicago with the highest sales tax in the country (thanks Todd!).