Most of the time foundations are considered as the nonprofit organizations. They operate under their own seals. But to do so, first you need to register the foundation. Simply by taking this step you ensure that you have an organization to run that can receive gifts and other rewards and can use that amount for different purposes and legally. When you register foundation, there can be so many benefits for you. In this list the very first thing that draws attention is acquiring assets. Without registering a foundation, you can also buy and sell assets and lands. But when if you want to do this is a legitimate way, then registering such an organization is the best option for you. Once this gets registered, you can easily buy lands, sale the assets and can even incur the liabilities under the own seal of that organization. In several countries in this world, buying and selling lands and assets without having a registered organization is considered as an illegal activity.
- Protect assets
A foundation and the owner are often considered as separate entities. So, the assets that you have under the common seal of the foundation cannot be used to pay back the debts that as an owner you have. These assets will also remain safe in case lawsuits are brought against you. These assets cannot be used for recovery purposes. Set up foundation and you will have all these benefits right away.
- Enhance public engagement
