Final answer:
To start a non-connected Political Action Committee (PAC), one must choose a unique name, appoint a treasurer, open a PAC bank account, register with the FEC, create bylaws, and understand reporting requirements. These steps ensure the PAC operates legally and complies with FEC regulations.
Step-by-step explanation:
To start a non-connected Political Action Committee (PAC), you must follow several key steps. First and foremost, it is important to understand that a non-connected PAC is a type of PAC that is not affiliated with a candidate, party, or company and can raise and spend unlimited funds as long as it operates within the legal framework set by the Federal Election Commission (FEC). Now, let's break down the steps to start a non-connected PAC: Choose a unique name for your PAC that complies with any state and federal naming requirements. Appoint a treasurer. Before accepting any contributions or making any expenditures, you need to have an appointed treasurer who will be responsible for the financial dealings of the PAC.
Open a bank account specifically for the PAC to handle its funds and financial transactions separately from personal accounts. Register with the FEC by filing a Statement of Organization (FEC Form 1), providing details about the PAC, including its name, address, and treasurer. Create a set of bylaws that will govern the PAC's operations and outline how decisions will be made within the organization. Understand the reporting requirements and schedule to ensure compliance with all FEC regulations on disclosure and contribution limits.