Commentary

12 Advantages of incorporation

CLUBS vol 7
| Commentary

12 Advantages of incorporation

| Commentary

12 Advantages of incorporation

If the club is incorporated1, the general advantages of a corporate body such as the avoidance or limitation of personal liability of the members and corporate responsibility for tax on profits apply and it will enjoy the added advantage that the rules and regulations of the club are all committed to writing. One other useful advantage of incorporation is that property and other assets are held by the company, which avoids documentation arising out of any change in club personnel.

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