Quote:
Originally Posted by preciousjeni
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.
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that is helpful, thanks!
Quote:
Originally Posted by preciousjeni
Woops, didn't see this one. You're absolutely right. Submitting the paperwork is the easy part. The hard part is getting an organization to the point that it can sustain a corporation. That's what we celebrate when we holler "Theta Nu Xi Multicultural Sorority, Innnnnnnncorporated!"
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''sustain a corporation'' what does that mean, if you can explain it?
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