Quote:
Originally Posted by H0NEY1987
I only asked because I had the impression that incoroporated organizations with five or less chapters were considered national organizations. I didnt think it was true but it seems like a growing trend. I have a new question: what exactly does the inc change for a group. i can understand the significance of the title. but my fear is that once my sorority becomes inc. things that take place now might have to change. I dont want my sorority to become a business... is it REALLY necessary to incorporate a greek org.
|
There are a number of benefits, but the two I find most important are:
1) A corporation is its own entity, separate from the owners/founders. So, there is a layer of protection against lawsuits and such. If you're not incorporated, you can personally be sued.
2) Because the corporation is its own entity, it continues on after leadership changes (or even after the death of the founders).
I'd recommend going online to research what incorporation entails and how to do it. You wouldn't need to ask these questions if you'd familiarize yourself with Google.
Hybrid Mode
