Quote:
Originally posted by suntzu1963:
FYI: I believe (not 100% sure though) that all greek orgs. tend to ascend towards incorporation but not all use the "inc" in their names.
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At long last, I found one NPC group that is for sure "incorporated"...
http://www.alphaomicronpi.org/conten...cies/term.html
TERMINOLOGY POLICIES
Alpha Omicron Pi Fraternity, Inc.
The term "incorporated" shall not be used on fraternity publications or stationery except where it is legally required.
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I would think that pretty well all NPC orgs and all NIC orgs are incorporated...the reasons being:
I'm not a lawyer, but there are advantages to incorporation: tax advantages, the incorporated entity continues even after the creators (i.e. founders) of the "corporation" pass away, also the corporation can be sued, but not the actual people of the company. What I mean by that is say someone slips on the icy steps of your GLO's house. They might sue the fraterity but they can't actually sue a specific person, therefore, you don't have to worry about the sue-er taking you for everything that you personally have.
Not sure if that made sense.
