Talgarno Tennis Club becomes Incorporated
Tue, 17 Sep 2024 00:00
It's official! We're officially Talgarno Tennis Club Incorporated.
In the lead-up to our AGM this year, we notified all members that we intended to vote on the motion to become incorporated. Lo and behold, the members in attendance voted unanimously to become incorporated.
The benefits of incorporation is that this allows our club to:
- continue regardless of changes to membership
- accept gifts, bequests and grants
- buy and sell property
- enter into enforceable contracts
- sue or be sued
- invest and borrow money
While we are probably not going to buy and sell property very often or at all, importantly becoming incorporated does allow us to apply for grants for incorporated associations registered with Tennis Australia.
The other benefit is that there is limited liability for members. If for any reason the organisation is sued, members and officers of incorporated associations:
- are protected against personal responsibility for any debts or liabilities that the association incurs
- have personal liability limited to outstanding fees
This is different to members or office-bearers of unincorporated associations, who can be sued or held personally liable for the debts of the organisation.
Onwards and upwards for Talgarno Tennis Club!