Effect of incorporation
The purpose of incorporation is to create a legal entity that is separate from the individual members. In practical terms incorporating means:
- the association becomes a body corporate with perpetual succession (it may exist forever, even as its membership changes);
- the name of the association is protected and will end with the word 'Incorporated' or 'Inc.';
- members or officers of the association are generally not liable to contribute towards the payment of debts or liabilities of the association; and
- the association may sue or be sued in its own corporate name.