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Verein - Society
Founding a Verein (eingetragener Verein = e.V.) involves firstly a meeting with the founding members. Eventually all volunteers can be members, but as a face to face meeting was necessary, the Munich team kindly offered to be the founding members. The meeting minutes can be found when clicking "Founding a Verein". We also have a constitution, please have a look.
The Verein then has to be registered with the tax authority and we have a bank account. We are now registered and have been granted the non-profit status, so we are tax exempt.
Why founding a Verein?
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The money we make through sponsorship and ticket income belongs to the Verein and not an idividual and will be deposited into an account opened for the Verein.
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We can issue a donation receipt for sponsoring companies, which makes it easier for taxation on their end.
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We have a constitution that we all adhere to.