For-profit trade association
September 24, 2008 9:50 AM Subscribe
We want to form a 'for profit' trade association. Several of us (in my industry) think we should be represented by a trade association, but all the research I've done so far points to associations as 'non-profit' organizations. Is there any reason why a commercial company can't set itself up as an industry association and sell memberships and attempt to represent it's members ? (in marketing and regulation and public education, etc.)
I guess 'membership' might have to be thought about - they'd be more like "subscribers" to a service - but as long as there's a service that is defined and a price for that service, we can't see the problem. Are there special laws or regulations surrounding trade/industry associations that mean they have to be set up and operated in a certain way? I'd love to hear about any profit-making/commercial examples of what we are thinking of doing.