i want to raffel off my house to pay for grandaughters college tution. is that legal in north carolina
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i want to raffel off my house to pay for grandaughters college tution. is that legal in north carolina
House 7 rooms on 115 by 200 ft lot. No morgage
Asked on August 3, 2016 under Real Estate Law, North Carolina
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Every state has its own laws as to whether or not a raffle is legal. However, it is against the law for an individual to raffle off their house. Typically, to establish the legality of such a raffle, it must first be determned if the entity holding the raffle is a recognized tax exempt charitable organization under IRS guidelines. If so, then the next step is to check if the charitable organization is allowed to do business in the state in question (the entity (usually a corportation) must register with the Secretary of State in order to do business). The final step that must be taken is to establish if the state allows raffles. At this point you can consult directly with a local attorney or contact the Secretary of State's office or the Attorney General's Office for further information.
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