GSLKThe club library

Club money, legally: who may sign, and whose money is it

A sponsor wants to transfer money and it suddenly turns out the club has no account, and possibly no legal existence. That is worth establishing before the conversation, not after.

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2026 rugpjūtis

How it works

Your club is probably not a legal person, so in its own name it can neither hold money nor sign; three routes remain, and only the third means founding an association.

Through the facultyYou plan, the institution pays and signs. No account, no risk.

Through a partner organisationAn association or youth centre signs and reports; you run the activity.

Your own associationAt least three founders aged 18, continuous bookkeeping, annual reports.

You will know who can sign for your club; we hold no contract templates and give no legal help — from here you go to the faculty.

What you do first

Answer three questions in writing and leave them where the next board will find them: is our club a legal person (if you do not know, it is not); whose account would 500 EUR actually land in and who would sign; does that person or institution know and agree.

Where this runs in the platform

These screens carry out this specific work. Every published work in the library also has at least an exercise — it is at the foot of this page.

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What this connects to

These works are related to the one you just read — and not by accident:

Xenophon's Oeconomicus — the text the word "economics" comes from

Xenophon (c. 430 – c. 354 BC) · c. 362 BC

same competency: Economics of the organisation

Coase: why organisations exist at all

Ronald H. Coase (1910–2013) · 1937

same competency: Economics of the organisation

Ostrom: shared resources a community governs itself