Credit Proofing Charity Assets by Mark S. Anshan Most charities and not for profit organizations are incorporated as non share capital corporations. These corporations are considered separate legal entities from their members or directors. This ‘separateness’ protects the members (and to a large extent directors) from being personally liable in the event the organization finds […]
Credit Proofing Charity Assets Part II by: Mark S. Anshan In last month’s newsletter we discussed the method of credit proofing a charity’s assets by incorporating separate corporations to hold different types of assets and operate discrete activities. A key element in organizing into separate corporations is to ensure that independence and authority are maintained […]