unincorporated association


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unincorporated association

A group of two or more persons who band together for a common purpose or goal, but without the formality of creating a corporation or partnership. Many religious groups function as unincorporated associations.The rules differ among states,but a deed to or from an unincorporated association may have specialized requirements to be legal.

References in periodicals archive ?
Mr Khalfe added: "Further, due to Arya Samaj being an unincorporated association, the members of the executive committee in position at the time of the wrongful dismissal will be liable personally for the damages awarded and legal costs.
They are voluntary, unincorporated associations of individuals.
The main advantages given for operating an unincorporated association are ease of operation and the flexibility afforded its organizers or members.
But both Labour and the Liberal Democrats are unincorporated associations liable to Corporation Tax of 33 per cent on income above pounds 1.
An LLC is an unincorporated association organized under a state law that enjoys the tax advantages provided a partnership and much of the liability protection afforded a corporation.
For example, an insurance company was formed as an unincorporated association to establish a group self-insured workers' compensation program under a particular state's laws.
Corporations cannot make an election to be taxed any other way, although, an unincorporated association with two or more members who are being taxed as a corporation can choose to be taxed as a partnership.
Person" means any natural person, corporation, partnership, unincorporated association, or other entity;
The NFL is a not-for-profit unincorporated association of 32 member teams and was originally founded in 1920 with 18 franchises.
Nacods is now an unincorporated association which helps retired members with legal claims for compensation for industrial diseases.
The OVFCC is an unincorporated association that was established in 2003 to achieve consensus and develop policy on various issues affecting veterans and fraternal organizations in the State of Ohio.