Association

With an association you pursue a common goal. You enter into cooperation with two or more people, also known as members.

Who is involved?

The ultimate decisions in an association are taken by the general assembly of members, in which each member has in principle one vote. The board is responsible for the everyday running of the association. The board members are usually members of the association. An association can also take people into employment, and/or contractors, volunteers and trainees who work for the association.

Who is liable ans disposes of the capital?

The association is a legal personality with legal entity: members of the board and members of an association with full capacity to hold rights are in principle not liable for the obligations, not even after dissolution and bankruptcy. In the event of improper administration or mismanagement, however, the members of the board can be held personally liable. The profit of the association must go to the common objective.