Hello, I am looking for someone to write an essay on Final Exam. It needs to be at least 1250 words.Download file to see previous pages... It is imperative that these professionals understand that onc

Hello, I am looking for someone to write an essay on Final Exam. It needs to be at least 1250 words.

It is imperative that these professionals understand that once they incorporate the organization it will be operating under the laws regulating any other business entity and this therefore calls for critical scrutiny of the advantages and disadvantages of such a move. The group is likely to derive a number of benefits from the incorporation that include. Separate Legal Entity: an incorporated organization has a distinct legal personality from its members. In this respect it is can sue and be sued in its individual capacity. This is important to these professionals since they will be provided by a formal legal status. Incorporation will also lead to Limited Liability on the part of the members of the organization (Hopkins, 1417). In this case the professionals will not be personally liable for the debts and obligations of the organization with exception of some circumstances where the directors may incur personal liability. The organization is entitled to perpetual existence and in this case even if members change, this noble organization will continue to exist unless dissolution is to be executed in line with the Companies Act. Once the members incorporate the organization they will be able to own property in the name of the organization’s name. ...

s organization is likely to enjoy is eligibility to be exempted from some federal and state corporate income taxes in addition to other taxes (Hopkins, 21). Other miscellaneous benefits that can be derived from incorporating this group into a nonprofit making organization is possible real and personal property taxes exemptions, cheaper advertising rates, relatively cheaper postal rates and broadcast announcements and advertisements. The professionals also need to look into the demerits of incorporating this organization as a not for profit entity. Among the challenges the organization is likely to encounter are a lot of paper work in various forms. There is the cost of hiring legal officers to help in preparing the incorporation papers, energy and time required for compliance with the legal regulatory guidelines to grow the organization. The team will also have to grapple with restrictions on nonpayment of directors, no lobbying or engagement in political campaigns and when the organization is to wind up all the property are to be transferred to another nonprofit making entity (Hopkins, 21). The team of professionals in this case need to analyses and compare the merits and demerits and make an informed decision. This is a team of professionals offering educational services to various people in different social settings. As a nonprofit making organization it would be advisable to incorporate it as educational and literacy society. This will fit the educational and literacy services they offer as professionals in different disciplines in the society. This would be suitable and a viable venture since they have already undertaken field test and proved able with positive client feedback.