Three friends and I have started to pursue a low cost business idea in hopes of recycling any revenue back into the business or straight toward our college tuition/accumulated education dept. I have been searching for information on potential tax breaks since we do not plan to keep any of the profits for any use besides educational costs. Would it be possible/ethical to establish the company as a non-profit and state in the mission that the goal of the organization was to assist students with managing higher education costs? If this would not be the most ideal route I would appreciate any suggestions. Additionally I was curious if we established the business as an LLC, could we donate the profits to ourselves and write them off as education expenses? This may be a stretch but the cost of attending a university seems to be rising faster than the wages offered for the positions available to undergraduates. We are just searching for a creative way to assist us in our goal of graduating with minimum dept.