Formalizing Your Family Organization

» vborey - Incorporation

What an interesting idea, Mark. Do a lot of families choose to incorporate in order to preserve their history?

It just makes me think of all the flea market photos - those unclaimed, unknowable people whose pictures ended up on the dollar table at the local antique mill. I like to flip through them, but it's depressing to think of how they must have left family hands, through whatever disaster of history and strain.

-- posted by vborey

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» aggie80 - Re: Incorporation

In response to Incorporation posted by vborey:

That certainly is one main reason to incorporate. And by creating an entity that survives longer than an individual it provides continuity.

Another one of the reasons is to create a sense of identity and association. And having a legal entity often makes it easier to acquire facilities for reunions and other gatherings.

Thanks for asking!

-- posted by aggie80

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