From: "Rick Moen" <[email protected]> > > Quoting Petros ([email protected]): > >> I guess the reason for a legal entity is to simplify or enable: > > Gosh, I've been through all this before. > >> 1. Insurance > > Easy to say without pricing it. I'm guessing that if you ever did, > you'd find that general liabiity insurance for a non-profit association > would be (1) so very prohibitively and astoundingly expensive in annual > premiums that you would give up on the idea, and (2) narrowly written to > cover only the directors and enumerated key officers in the performance > of their delineated duties. If you imagined that it would automagically > cover all activities of volunteers in the organisation, you would be > sadly mistaken.
Maybe I should have broadened it with "reliability issues" (e.g. if I step on your foot when you carry a beamer and sue me for 1 Mio Dollars). I make that up because I know that you are always insured for everything but the thing that just occurred. Maybe insurance should be banned as a criminal activity;-) Anyway, for the ski club mentioned the insurance premium is a significant expense but it makes people being involved feeling safer. So far the insurance has a significant impact in this regard. >> 2. Sponsoring >> 3. Hiring of venues etc. >> 4. A public voice >> 5. A president to blame;-) > > None of those is particularly improved by incorporation. (If you > believe otherwise, please state the grounds for your belief.) > >> Okay, maybe 1 to 4 are valid. What else? > > Near as I can tell, not a single one of them is. Well, is there any reason for incorporation? Please let me know. Thanks Peter _______________________________________________ luv-main mailing list [email protected] http://lists.luv.asn.au/listinfo/luv-main
