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Rad Manual: Difference between revisions
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Why incorporate? Some funding options, such as certain government grants and charitable | Why incorporate? Some funding options, such as certain government grants and charitable | ||
foundations, will only grant money to incorporated non-profit organizations. | foundations, will only grant money to incorporated non-profit organizations. | ||
Incorporation can provide advantages for an organization. It provides a legal structure that stays in place even as the active members change over the years. An incorporated non-profit can enter into contracts and have its own bank accounts. | Incorporation can provide advantages for an organization. It provides a legal structure that stays in place even as the active members change over the years. An incorporated non-profit can enter into contracts and have its own bank accounts. Also liabilities are limited to Inc though there are exception such as any tax owing to Govt, the board of directors will be held responsible personaly. | ||
What is incorporation: | What is incorporation: | ||