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  1. #1
    Join Date
    Feb 2008
    Location
    Louisville, KY
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    424
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    Cool Are sponsorships tax write-offs??

    I apologize for another question, but can business's that give an angler "sponsorship monies" write it off as a business expense? If so, how can they legally do so? I ask because I am dealing with some prospective owners and I am not at all familiar with how this stuff works of the "smaller" scale that I am on. I am sure the "pro's" have it all worked out since its their main source of income, but I am just trying to find ways to fund my tourney fees and expenses so I can fish more, and larger, events this next season. If anyone has any sponsorships 101 websites to suggest I would love to hear those too please. I want to be armed with the CORRECT information when I start approaching people for money. Thank you all again for you time and help.

    Rob

  2. #2
    Join Date
    Dec 1969
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    250
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    Re: Are sponsorships tax write-offs??

    Yes they are considered advertisment, as long as you identify them

  3. #3
    Join Date
    Feb 2008
    Location
    Louisville, KY
    Posts
    424
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    Re: Are sponsorships tax write-offs??

    Thanks for the help.

    Rob

  4. #4
    Join Date
    May 2008
    Posts
    143
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    Re: Are sponsorships tax write-offs??

    Check out the books at fishforfree.com

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