Unincorporated Company

TOPIC 1 UNINCORPORATED NON-PROFIT ASSOCIATIONS Introduction It was renderd in Smith v Anderson (1880) 15 Ch D 247 that an draw includes any group of persons who feature agreed to join together in the pursuit of mavin or more common objects or purposes. This obviously includes those entities much(prenominal) as companies and partnerships which postulate been formed for profit-making purposes. However the word association may also be used to describe those non-profit associations which have been formed to promote religious, educational, literary, scientific, artistic and other similar community-wide benefits. It is upon those latter(prenominal) associations that this Chapter is concerned. Unincorporated non-profit associations are not specifically regulated by one piece of legislation, although some specific kinds of associations, such as charities which wish to raise money by requesting donations from the public, may engage to be registered under various state Acts[1]. This situation female genitals be compared with that facing incorporated associations â€" that is, legal entities created by edict such as the Corporations Law or one of the state associations incorporation Acts, or created by the Crown as an good example of Royal Prerogative.

Nature of unincorporated non-profit associations In Conservative and unionist Central Office v Burrell [1980] 3 All ER 42, it was argued that there are six characteristics which are either demand or normal characteristics of an non-profit association. These are, it was argued: 1there must(prenominal) be members of the association; 2there must be a contract binding the members among themselves; 3there bequeath usually be some constitutional arrangement for meetings of members and for the appointment of committees and officers; 4a member will normally be free people to join or leave the association at will; 5the association will normally continue in existence independently of any change that may chance in the composition of the association; and 6there must as a... If you want to get a full essay, coif it on our website: Orderessay

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