How to Run Tungsten Darts League Ⅱ

Accounting. Consult an Accountant! This step is also commonly skipped, and is a leading cause of small organizations failing. The accountant, or CPA (Certified Public Accountant) , can provide a list of the steps needed to deal with banks and tax authorities. The CPA will also help the organization setup a proper bookkeeping system. This can greatly reduce the ulcer rate among officers who might eventually find themselves opening extremely intimidating letters from the tax man.

Rules. Will the league write its own rules, or follow the rules of another league or sanctioning body?

Business licenses. Most of these may, or may not, have been taken care of when the legal structure of the organization was setup. Assumed Name Permit, Tax Permit or Tax Exempt Certification, Business Operation Permit, etc. Check at the local courthouse to determine what is needed.

Bank Account. To get a checking account, the new tungsten darts association or league will have to provide certain documentation to the bank. This generally includes proof that the organization is legally registered in one form or another, and may also require proof of registration with the appropriate tax authorities. A minimum starting deposit is usually required, in the USA that often is in the range of $100 to $500. It is important that bank accounts be setup so that two officer's signatures are required to write checks or make withdrawals. While everyone may start out as bosom buddies, nothing can sour friendships and destroy a league as quickly as money going missing. In some cases, malfeasance can (and has) led to lawsuits, or even arrests of league officers. Having two signatures on every check is simply good policy.

Printing. Checks and deposit slips have to be ordered. Membership applications and advertising brochures, flyers, posters, business cards, etc. all need to be designed and printed. Score sheets or match report forms will be needed, and maybe envelopes or postcards for notices. Large envelopes or binders will be needed for team captains to carry their paperwork.

Awards. While trophies and certificates may not be needed until the first season ends in a few months, a quote on the cost of producing the awards is needed immediately, so that a budget can be setup. Decisions will have to be made as to the type of awards, and how many people or teams will receive them.

Budget. Following the Awards topic above, a budget must be setup, and quotes for all expenses are needed in order to do that. Once all expenses have been added up, the tungsten dart league can determine how much income must be generated each season & year. From there, calculate how much to charge for dues, team fees, bar fees, etc.

Bonding. This should probably be fit in somewhere among topics of Officers, Legal, and Accounting. "Bonding" means purchasing a type of insurance call a Bond, which insures against malfeasance or legal charges against key officers. If, for instance, the Treasurer suddenly relocates out-of-town, and the bank account seems much smaller that it should be, this insurance might cover the missing funds. Officers must generally pass a background check for criminal history, which is not a bad idea for people who will be handling a lot of money belonging to someone else. After all, how well do you really know that nice fellow you met in a bar a couple of weeks ago, and who recently volunteered to take care of the checkbook for you?
 

  Tungsten Dart Manufacturer & Supplier: Chinatungsten Online - http://www.chinadart.com/
  Tel.: 86 592 5129696; Fax: 86 592 5129797
  Email:  sales@chinatungsten.com
  Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
  Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
  Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
 

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