Donate a car to charity and you may unlock cash to start up your consulting business. When you donate a car to a registered charity, you may qualify for an IRS tax deduction — when you get your taxes back, you can use the money to launch your business.
Donating a vehicle has become a very popular way of helping charities and the Better Business Bureau has prepared a factsheet on how to donate a car. The IRS also provides guidelines for people who want to donate cars.
If you’re in Canada and you are interested in similar programs, check out Revenue Canada’s newsletter on car donation.
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“Donate a car for start-up cash” from Become a Consultant Blog at ConsultantJournal.com.