How to Minimize Risk When Crowdfunding on Kickstarter
Reduce the risk of having your fledgeling project fail. Reduce the financial
risk to the public who are supporting your efforts by donating to the campaign.
For a young, bootstrapping startup, crowdfunding is often seen as fast money that will help you build out the product or app you and your team have always dreamed about. Whether or not a project ultimately reaches its funding goals, it’s still relatively quick and easy to post your pitch and see what happens.
However, amid all of the hype and excitement surrounding crowdfunding, some of the less glamorous (but extremely important) aspects of running a business often go overlooked — particularly taxes and liability.
The bottom line is that if you’re looking to raise more money via crowdfunding than you usually earn, you should turn to a professional tax adviser or accountant for help understanding all the nuances and implications. There’s no sense in trying to navigate the murky and evolving reality of crowdfunding and taxes on your own. Read more...
My own business advisors all have guided me along the same avenues Ms. Alkap. suggests.
The next step is to let the Crowdfunding campaign work it's fundraising magic.
How to Minimize Risk When Crowdfunding on Kickstarter
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