Association

Association

What is an association?

An association is a legal entity without a profit motive. This legal structure is established for a specific purpose. Often, an association is formed to share a common hobby. An association is not allowed to distribute profits among its members.


How do I establish an association?

An association must be founded by at least two individuals. An association can be established either informally or through a notarial deed. In the case of an informal establishment, the association's formation occurs through a verbal agreement or through a private document. For establishment through a notarial deed, you need to visit a notary. The choice is up to the founders. However, there are differences in legal consequences between establishing through a notary and through an informal document.

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Of course you could also reach out to us by filling in our contact form. We would be happy to help you and advise you on the best solution for your personal situation.

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