Look Before You Leap: Why IEEE-ISTO Is a Sound Alternative to Incorporation For Many Technology Associations
Greg Kohn, Staff Director of Operations, has written an article titled Look Before You Leap highlighting reasons why IEEE-ISTO is a sound alternative to incorporation for technology consortia. In the article Mr. Kohn brings to light several items to consider when forming a new association including incorporation, tax exemption, tax filings, accounting, financial audits, insurance, and management.
The following is an excerpt from the article:
While the initial process of filing papers of incorporation is, in fact, pretty simple, incorporation itself carries a significant set of ongoing responsibilities – some of which are time consuming, costly, or both. Because many of these ongoing tasks related to incorporation are not obvious, and are often not considered at the time an entity files for incorporation, it is not uncommon for self-incorporated associations to require considerable hands-on attention to their corporation, as well as higher-than-expected maintenance costs. In fact, those considerations are very much the reason why IEEE-ISTO was formed: to be a flexible, convenient and cost-effective alternative to incorporation. Affiliated with the IEEE, the IEEE-ISTO is a not-for-profit membership organization comprised of associations working to standardize technical implementations that span the spectrum of
The IEEE-ISTO supports the development and proper implementation of industry standards and facilitates the activities required to drive their market acceptance. Since 1999, the IEEE-ISTO has been home to more than 30 technology associations which have produced more than 200 industry standards and technical specifications.
You can read the entire article here.
2009 IEEE-ISTO Program Caucus
Each year, IEEE-ISTO convenes the leaders of its member programs to a Program Leadership Caucus. The purpose of the Caucus is simple: to bring program leaders together, in a round-table format, to share ideas, best practices and trends across member programs. The Caucus is not intended as a forum to discuss the technical scope of any of ISTO's member programs; rather, content is restricted to operational and membership matters.
This year's Program Leadership Caucus will be held on Wednesday, 21 October 2009, from 10 am to 1 pm EDT. The Caucus will be held at IEEE-ISTO offices in Piscataway, NJ, though facilities will be provided for those who can only attend by web conference.
If you would like more information on the Caucus, please contact Greg Kohn, Staff Director of Operations.